I think it isnt the idea of eliminating magic weapons, its the case of getting a balance.
I used to pvp a lot on osi before aos, I didnt know many pvpers who used a magic wep beacuse they were too valuble.
Most people just used gm made weapons, thinking back some of the gm made weps were somewhere in the region of force and power. I cant remember what the rating of these weps were called the the theory of it is you would put the weapon on a vendor and the higher value the vendor naturally put on the item the better it was. The was a propper scale system for it.
Each type of weapon had a maximum value, say a katana was 54, the best one you could craft was 54/54 which would almost be a power weapon, you would craft one of these say every 20-30.
I dont know whether this system is in place on the shard because ive only been playing a month and i havent looked into it.
One thing is for certain theres too many vanq wep around in pvp.