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Get rid of the global auction house and banking system. Everything should be regional.
Get rid of bind on equip and bind on pickup. All items should be freely tradeable.
To keep the economy working all gear should slowly decay over time. Dying should make things decay faster.
Get rid of all instanced PvP and make all servers FFA.
For added fun, the current PvP servers should become full loot.
The characters full guild history should be shown when you inspect them.
The characters PvP kills and loses should also be shown when you inspect them.
Did I miss anything?
There are certain queer times and occasions in this strange mixed affair we call life when a man takes this whole universe for a vast practical joke, though the wit thereof he but dimly discerns, and more than suspects that the joke is at nobody's expense but his own.
-- Herman Melville