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While only in the Russian version so far, in the upcoming 126.96.36.199 patch it's leaving the game for good!
Whether this is good news or not still remains to be seen though, as instead the devs are introducing a new Item curse mechanic. Bosses may now drop cursed gear. Additionally, upon death your (blue and above) items now have a chance to inherit a curse, lowering their stats.
To counteract this effect two new items are being added to the cash shop: A blessing (potion?) that will protect your gear from curses on death and another item to dispel curses from items.
Other interesting patch tid-bits:
-New 40+ zone
-Cap increase to 42
-new 42 slot bag in item shop
-Consumables will now have expiry dates! And only the ones with the same dates are stackable
-The cash shop elixiers persist through death
-Mount speed increase by 10%
-A new inspect player ability. Its efficiency scales with ranks, which increase with player level
- A new cash shop item allowing the acquisition of 2nd and 3rd professions
and a bunch more additions, bug fixes and balancing