Bump. Anyone else still playing this revamp? I have my Nord Spellsword (yes, he's a mongrel bastard) to 14, with about 35k gold and some decent Orc-ish armor. The game definitely doesn't hand you phenomenal weapons and gear earlier on. If anything they may have gone overboard a bit with the chests, since I open many locked, trapped chests that have either nothing in them, or just a few bits of crap. But it makes the occasional find (like my Steel Blade of Heaven with levitate) that much sweeter.
The fighting is definitely scaled differently from stock as well. It still changes with level, but there are some regional variations. The other night I ran into a dungeon of Vampires in the northern Sheograd region, and although I killed two solos in very tough fights I could in no way deal with a room that had two of them, and Ogrim I encounter anywhere still kick my butt.
If I have any complaint its that they didn't include the mod to get rid of cliff racers. But on the plus side I've raised marksmanship to 30 just shooting every one I see with my bow.