First, I don't really have an issue with them removing the extra space for the most part. The extra slots do go a long way to helping with the extra gear needed if you play more than a handful of classes however. But the wording in that doesn't make me think what you're saying, it makes me think it's only temporary until they have the UI completely overhauled and when they take the slots away they will do something to prevent you from losing items that have overflown.
