As this guy writes it seems that decay is there...( repairable though ) but still.. anyone can confirm that this is true ?
Read this somewhere
When you die in EQ2 you suffer the following penalties:
1) You incur a significant amount of debt.
2) You lose a spirit shard and as a result suffer significant stat losses.
3) All of your equipped gear takes a 10% hit on durability
If you choose to Revive without a rez, you will be transported back to one
of the locations specified in the Revive dialog, without your shard, and
with massive debt. If you then run back to where your shard dropped, you can
recover it and regain the stats lost and much of the debt. However, some
debt remains as does the equipment durability loss. If someone rezzes you,
there's no CR, and no shard loss, but debt remains and equipment
degradation. There is no debt-free res that I know of yet (tho this may come
in later levels). You can have your equipment repaired by a mender in town
for a fee (money sink) and if your gear ever gets to 0% it does not
disappear, but it cannot be equipped.
When you incur debt, any new experience that you receive is divided up and
allocated half-and-half to your leveling and to paying off your existing
debt. The debt system is a good system, it's very similar to the one used in
CoH. With this system, you never lose experience, you are always continuing
forward progress. But here's the real key to why a debt system is a great
system: If you're a casual player who doesn't really care about being in top
form for fights and are willing to wait the 72 hours that debt will wear off
on its own, then you love this system and debt is relatively painless for
you. If you're a player who likes to be at optimal efficiency, and you want
to level fast, debt is a BITCH. Debt does the one thing that hurts a
hardcore player more than anything else short of taking away experience: it
*slows down leveling*. LOL this is the worst thing that can happen to a
hardcore player and anyone who has played CoH for any significant length of
time can tell you that debt is very undesirable and highly incents avoidance
of death.