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From the GW2 faq..
"We're applying this same philosophy to competitive play. Players will be able to engage in organized, balanced PvP (similar to GvG in the original Guild Wars) without first leveling up characters, finding equipment, and unlocking skills. While inside the organized PvP area, all characters will be the same power level and will have access to the same equipment."
Will there be other pvp? Where the skills you developed and equipment you've acquired do count?
The hype around this game is unreal. So many people think it's going to save their mmorpg lives. No way it's gonna be released in 2011, unless they pull it out in time for a first week of December release. Gonna be a big one though.