Wow! The whining in this thread is incredible. Get a grip people. This is CoX. It's the only MMO where you don't NEED any of this uber [censored] to be a viable hero or villian at level 50. That's right, your level 50 is still viable for all content in the game at the highest level with ZERO merits and no IO sets at all. Think about that. In other MMO's you are required to have the top loot just to do the uber content.
Whining that it will take you longer to attain uberness, that you don't really need to enjoy the game anyway, seems to be a bit over-dramatic to me. It's a game. Playing it longer should mean you are having more fun, not less, particularly if it does not prevent you from enjoying all of the content. I like leveling and gaining in power as much as anyone but if you are treating your character's progress as a destination, instead of as a journey, you are cheating yourself. And when you treat it as journey, it really does not matter all that much how long it takes.
I really don't give a crap about merits, or IO sets for that matter, so my play will not change at all. As long as they are not required to enjoy the game, I will continue to not care about how long it takes to acquire them.