Quote Originally Posted by Rentahamster View Post
No.

Read the post again.

http://forum.square-enix.com/ffxiv/t...687#post445687

If you have a Felt Robe (Red), it will turn into a Felt Robe (increases Mind) (Red)
Maybe I need help with reading comprehension but I don't see where it says what will happen to existing gear, only recipes and changes to future gear.

The following revisions will be applied based on changes in gear attributes as a result of dyeing:
Items with a single variant: item attributes and equipping requirements will be unified.
Items with multiple variants: items with different attributes will be renamed, and new color variations added.