hmm am in two minds over this, whilst i rejoined the game after most had 150% and really found this useful and havent yet been able to get a 120% item on my r12 char (without blowing a gazillion pc's) i personally need it to catch up as am no longer in a position to buy ap and that's my view on things, however peeps have said its too easy to enchant and gm's need make it harder, unfortunately when most of the long term players already have 150% or 123%+ its kinda like bolting the stable door after the majority of the horses have bolted.
i agree for newer players it's really unfair and should be re-introduced in some form, but I also know this particular service has overloaded GM's and they couldn't keep up with demand and players moaned all the time about how long it was taking (shot yourselves in the foot there guys

).
i personally have the cp and like 8 items i cant get to 120% and would love this back alas it's highly unlikely gm's will re-introduce sorry.
regards
Terry