Is it clever to farm items now? will there be a possible item reset?
I would be surprised if we don't reset at least one more time. It's a very early beta. The chances that we have everything nailed are slim.
We're not setting out to do that, of course. But, until we know that we are not going to reset anymore, we want to be sure that folks understand it's possible. Once it's no longer possible, we'll be sure to say so.