Well, i think we all have realized that PKing has been a complete failure for this game. It's been quite a while since i've seen a PK that has a history you can't capture in one single screenshot. For example, here is the entire life, and death of the most recent PK:
Since the PK system has failed us, and Jeff refuses to take any action to change it, despite his many promises to improve it, I am giving up on PKing permanently. The only thing that will change my mind would be for significant changes to be made to the PK system.
Also, The Order of Nemesis, which Order I have been the Lord Marshal of for some time now, has been officially and permanently disbanded. The PK system has been an absolute failiure, and we have all quit. Most of our members have in fact gone off to play other games that offer more of a PvP experience, but I've been stuck to Glitchless games since I was 17, and I don't intend to leave completely. Besides, I still have crafting to do here even if no one intends to take part in the 'Hardcore PvP' offered by Nodiatis.
If you still intend to PK, I suggest you do it at a low level. You won't lose quite so much that way.