I think they should modify the Attack Power into a useful info stat that actually calculates your total power/dps and gives you a number.

This would give everyone some sort of baseline as to their gearing choices, but would still keep actual performance based on skill level.

Not quite a solution to a damage meter, but would still be a good solid number to build off of.

Currently Attack Power does not mean anything except to reflect your STR, in the case of a Warrior.