Meh, i think the real issue people take with BoE is an inherent fear of change. For a lot of people, myself included, the joy of d2 was in acquiring the nicest equipment and that equipment had a sort of equity to it. If i got sick of my sorc i could trade my occy, skulders, shako and whatever else for other objects of my desire. BoE outright limits if not destroys most of your equity in that character. I think that is what most people would find distasteful about any BoE/BoP system.
From there we would fall in to a gold econ vs trading econ and all the bitterness and what not that goes with it. Personally i prefer a trading econ over a system like say WoW's where gold is virtually worthless at a point, and a very easily obtainable point i might add.
I'd also be interested in seeing peoples projections on what a system like this would mean for ladder and non ladder alike.