I don't care about items. I gave away my dragon/god loot before i took a break. I gave away my acct info to guildies and all of my stuff is still there, welcomed back with open arms. Loot, believe it or not, is not why i play this game. If you don't want to take my word for it you're free to ask wiggles or ninik. and if you think they're lying to you you likely have a severe case of paranoia and should see a medical professional.
The difference between the necro at frenzy and the mass recruiting, 4 day tracking guilds (unnecessary p99 behavior) is that the necro at frenzy abides by the classic rules of EQ, whereas the massive variance is something we created to combat a problem and it didn't work. Currently, it only works to limit the raid scene in such a way that was never possible or ever happened on EQ live.
http://www.youtube.com/watch?v=ueZ6tvqhk8U