Hello little taru,

As mentioned, it has been stated that there will be no resetting of levels or loosing of experience, equipment, etc. Of course everyone is allowed to start a whole new character if they wish, but it is not required.

There should be a new 'world' created where no pre-existing player is allowed. The upside of course is that you can experience a world that is fresh to adventurers. The downside of course is that there will be no high-level players to help you out for a while. I do not know how busy this new world would be, but I imagine the PS3 players may go there?

As for wishing to start re-levelling. If you are not 50 in all jobs you can still level up some of your DoW/DoM jobs on existing servers. Not everyone is level 50 in all jobs (I dare say those are the minority) so you should find plenty of people who would be happy to level with you. Especially if/when they release new jobs.