I agree that at the final release all players begin at level 1, but i think so players that are playing actually testing the game and finding bugs, will be rewarded per helping with the game optimization, letting us to maintain our inventory (rubies we collect while testing and weapons we buy with them).

If MB will delete all accounts, why are we wasting time with the pre-alpha and not wait for the final release to play?

The idea of going to the Dead World when you die is great, but if you can find the way out, the best is that you respawn at the church or temple of your God (the one on the last city you visited). Each city have a church or temple for all the Gods.
Is your God who resurrects you to allow you to continue \"his mission\".
If you respawn at the same localiton where you die, the same monster that kill you will kill you again (how say Foolman).