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At some point during the discussion described in the previous post, Joshua Fairfield wanted to contest the status value of high-level characters by arguing that there is no correlation Mabinogi Gold between the level of a character and the skill of the player.
Be that as it may, I think he eventually conceded that there may still be status value, if for no other reason than that the player has spent a lot of time leveling, and is thus a member of what Joshua called time aristocracy which I think is an excellent term by the way.
We can question the status value from our own standpoints they are just kids with too much time, but it is nevertheless real for some MMORPG players and may be worth protecting by operators that wish to cater to that segment. To explore this point a little further, I thought I would re-post a comment I left in a Terra Nova discussion long time ago.
Others may also attempt to subvert the leading position of the higher classes by offering their own set of symbols as a preferred alternative Featherstone. This leads to fragmentation: there is no single fashion, but multiple fashions.
Social identity is no longer a point on a rather one-dimensional axis (high class-low class), but an area in a multi-dimensional matrix. This corresponds with contemporary notions of diversity and egalitarianism as the preferred alternative to class society.