I think only a few slots should be reserved for stats, while the rest are purely vanity items. I don't think half of our inventory space should be devoted to jewelry, but for those that are excited about this sort of stuff, they should be able to go all out in whatever fashion they prefer.

Obviously the least visible items for stats, and most visible for vanity; but, I really have no idea what SE will do, and it doesn't really matter in the end.