Why would you think such a thing would be implemented?

They alluded to this happening way before 3.1 hit, and have now officially announced the upcoming change ahead of time to give players time to prepare. On top of that Eso is going to be uncapped in 3.2, and Midas NM will be dropping better gear so there's no reason for SE to placate players who couldn't connect the dots over 3 months ago.