Diablo 3 Beta News - August 1st

That's perfectly valid, but doesn't address the issue of people being able to spend stupid amounts of real world money to make their characters incredibly powerful and imbalance PVP. It cheapens the game, almost. Competition should be based on skill, time put into the character, and luck to a degree. It shouldn't be based on who has spent the most real world money to twink out their character. But, as I mentioned above, it would likely be happening anyway. This is probably the lesser of two evils.