Despite having fairly good gear, enchants, and class titles, having a negative armor and resistance is a bit off-putting / frustrating. While some like the Wizard can get through by out DPSing everything, others rely on a bit of survivability and it's a challenge to get these stats anywhere near positive on squishy classes. A few of my friends have commented that they're ready to give up due to the spike in difficulty. "What's the point in playing if you're negative everything despite hours of grinding and capped on XP" (I'm paraphrasing).
Either reduce NG Penalty or allow a way to infinitely buy Armor and Resistance. Personally, I have 900,000 gold and have nothing to do with it other than buy architect buffs.