Turbine has announced some rather big changes to the reincarnation system. For the most part this has been well received. Everything looked good in regards to the actual Heroic True, Epic, Lesser, and Iconic True reincarnations. The changes sound great, clearly take into account player feedback, and are all around positive. Then things went a little south and got ugly. We found out how hearts of wood would be available in game. Since you all didn't ask for it and I'm bored at work, here's my thoughts on the matter and some proposed tweaks. (PS: I'm doing this from a phone, please excuse lousy spelling, grammar, and formatting).
Where we are
Currently you can get true hearts by turning in Tokens of the Twelve. You can also turn these in for augments, but hardly anyone does (they cost the same number of tokens as a true heart but are about 1/10th the cost in points in the store).
To TR you go see an Orc hanging out by a tree in House J. Then you end up on a boat, a flying boat no less.
Sagas were recently introduced. They are effectively quest chains of quest chains. Personally, I like the system and see it as a bonus for running quests I was already running. However, the system is basically limited to Eveningstar and gianthold and there are plenty of people who aren't interested in completing a saga. As rewards you get choices of skill tomes, XP, or guild renown based on how long the saga is and what difficulty you ran the quests on.
What is being proposed by turbine
You cannot turn in tokens of the 12 for hearts of wood. Instead a new ingredient (commendations of valor) will be introduced for which you can turn in for hearts of wood. To get these comms you need to complete sagas, they are the only current known source. As currently proposed and implemented on Lamannia you would need to run a lot (50+) sagas to get a heroic true heart.
The Orc by the tree is gone, and it sounds like the airship is gone too. Instead all this reincarnation business will happen inside the hall of heroes.
What follows is some problems and potential fixes.