I used the analogy in another thread, so I’ll use it again here:
Imagine having a 1996 Super Bowl ring. You got it because you were there, you were part of the team (or support staff), that would be a source of pride. They should absolutely have new rings for new players to get, and maybe you wouldn’t be able to get one of those, but you still have your 1996 ring. But then a bunch of people are saying “no, I want a 1996 ring”. They weren’t there, they weren’t playing, and that ring was very specifically designed for the team then.
Now, that does not mean something that was removed needs to stay removed, either.
With WoW Classic existing, it offers a compelling opportunity to earn some of those older rewards in the same way they were earned originally. Allowing players to run Naxx-40 on Classic, and unlocking respective transmogs for Retail could be very cool. Or whenever we get around to MoP Classic, allowing players to earn Challenge Mode gear in the same way it was earned originally (or potentially just bringing them back via scaling, although perhaps only awarding them at the “end” of the season, just to ensure there aren’t any crazy exploits from new classes or mechanics).
I do believe there is ample room for a happy medium. But I also believe a core part of any healthy MMO is having items that are from a specific time and place. If anything, I would like to see more of those sorts of things. Things that reward loyal fans. Instead, something like Tyrael’s Charger was offered as incentive to sub during a particular content drought, and was basically brought back to re-incentivize players again, kind of giving the middle finger to fans that supported back then.
This isn’t about anyone “lording over” anyone else. I don’t think being an old-school fan makes you a more valuable player than a newer fan. But also, like my Super Bowl ring analogy, if you weren’t playing back then, that’s cool, but some of these rewards being brought back were specifically for people playing at that time. Getting the actual Collector’s Editions back in the day was still a massive show of support, and I worry we’re headed directly towards those things also being given away freely, along with virtually anything that has ever held any sort of value or status in the game.