This guy resume my feelings at perfection.
What I really look forward is some sort of pvp balance not based upon gear but upon skill. The ideal for me would be a pvp enviroment where everyone is using the same gear stats, so there's no unbalance from time invested for newer or casual players and you can be competitive right from the start if you are skilled enough.
PVP points and ranks would be used to adquire new pvp gear with same stats but different looks and also non-combat related status items like Titles, Speeders, Companions, Pets, "Rank related cool moves/dances" for example.
What I really wish in any MMO is a PvP Structure like Guildwars but a really world wide open where I can spend the time I'm not pvping doing some other stuff with friends like killing world bosses, exploring around, raids to enemy cities, crafting stuff, etc, etc