Penalty won't do anything else but bother people and that including people who want it more than "make you feel more real". Just imagine instanced PVP, if they add such instance, and how many times you will die without your SP buffer and how many ranks you will lose. Seriously think twice before asking such a thing.
Everytime I read that somebody "liked" the EXP penalty in FFXI, or any other game, I think of this person as either a complete hypocrite or a total masochist.

if you want to get real, just turn that computer off and go outside. As somebody said, go real life and see how's death penalty there and how hardcore it will make you feel in a coffin. It's a game and it should be meant to be fun, not annoy people.


Have SE make a poll about this and watch the results and then we can all laugh all together.