Its Raise.
Not Rez..
Not Resurrect.

Now that that is out of the way.
Death isn't scary in FFXIV. Sac pulls have no weight, the damage to gear is minimal.
I say bring back exp penalties to death. If there is no penalty to death, it has no meaning. We have plenty of people wiping dungeons and going 'whoops lol' as it is, I say make it hurt.