Is there even a point to raising level caps?

[Nephera]

There is 1 reason and 1 reason only games raise caps

1) To make people buy new content and/or expansions by making all old content obsolete


that about says it all

Yup, thats about it.


edit:

New gear concerns:

Well you can either make new gear progressively better which will make that into your progression

oooorrr

you can make new armor just look really awesome and it'll be mostly cosmetic (Guild wars did this, since the game has been at level 20, you can essentially get any armor with nearly any bonuses on it, and generally some is more difficult to obtain than others and is something neat to show off that you worked for)