just my thoughts about this point:
5. Selling Whites = No Sorry, this just means people with ML gear will just buy up level 45-55 whites, well them and resell junks to muters (or they are muters)
... Basically those that can bridge, will just hunt a level 1 Well, bridge upto higher level and just well the crap out of them, and they would not even
... need to play the game for profit, they just play another game, make fg fast, buy out the whites and just wells them... basically whites will sell for more fg
... than skillable items, or maybe the wellers will sell the junks off at higher prices to recover loss of fg. This does not also include well organised guilds that utilise their skillers in game or xfers.
peoplel wont just be able to buy 45-55 whites and resell the mutes forever.. since lvl 55 wellables will easy go for 100 fg each

imo the sellable whites will increase the market a lot.. since they are a great chance for skillers to find more skillables..
they will give a steady income to all players that sell them. (keep in mind.. nobody is forced to sell them.. everybody can keep them and well himself.. this will be similar to the income of the old muting system (i think it wont bring as much fg.. but still A LOT more than you can earn now)