Why do you think that this is an exploit? Demigod simply does not use this kind of gear inventory.

Also, by your logic: how can the Rook wear such a small helmet anyway? Or how does unclean Beast fit into the gloves etc.?

Well, I think it create a weird, lopsided dynamic to have more than one suit of armor/helm/pair of gloves.

You're playing a video game where a giant castle is running around, a chick with her tits floppin around is being carried around by beetles.....there's something called suspension of disbelief. Yes, you're wearing 2 BPs, who cares....how is that any more unfathomable than anything else in this game?

It's not an exploit, it will NEVER be changed. Better start loving it or if you want to Roleplay don't get multiples of the same item lol =P

It's been discussed a lot in beta, and GPG decided not to restrict items to 1 per category.

Now that I think about it this debate reminds me of Roger Wilco putting the ladder in his pocket in Space Quest III.

Dydx: I was under the impression she lost her last job by extinguishing too many souls in the champagne room. While we are at it somebody explain to me exactly what the motivation is for the player to buy the QoT something to wear? I don't think they were thinking about the targeted demographic.

This gives me an idea.  An evil idea.  Testing it now.

Evil idea fails and wastes gold .  You can't drop an item, buy the same item, and then pick up your old one.

This is just plain Incorrect.

The more variables/options you have to choose from, the greater the variance in possible strategies and the more chance to prove your skill in correct itemization -- based on what demigod you are playing.

If you choose to stack 5 armors you're going to be very defensive but you're giving up a great deal.  Your not going to have any mana regen (helms), won't have any offense (No gloves for +weapon damage), nor will you be fast (no boots for speed).

Maybe that works for you, but IMO the items are balanced so that in most cases if you go extreem in one category you're going to be sacrificing other very important options. 

Not to mention not all armor for example is good for every demigod.  Some armor is good for generals others are better in the hands of Assassins.

As an example, playing UB a typicall hit and run build includes mostly boots and gauntlets.

Erebus minon build is best imo with, armor x2, helm, gloves x2

Greater choice = greater variance.  It is harder to design/itemize/balance gear, but imo the designers have done a very good job.

There are restriction though. Every stat in the game has a hard cap, you can only use one of any item and there are only five equipment slots. These factors alone are enough to effectively restrict "lopsided" gameplay dynamics while still providing a great deal of player freedom. You would have a point if I could wear as much equipment as I could buy, or if I could wear multiples of the same item for example. As is, the items are balanced regardless of how you choose to equip.