I'm going back and reading stuff from old letter too to see if maybe we can get any hints from things that were said in the past. So I wonder what ever happened to:

52:40
Q: Currently, there is no gear boasting enchantment effects. Are there any plans to implement enchantments in 2.0?
A: Yes, we do have something like that planned for 2.0. Equipment may have an enchantment effect that can be activated by players, and be subject to a recast timer.