An important note from Joe Piepiora this afternoon regarding item level requirement caps that have been reduced.
This change now means that alts will have a bigger pool of gear available when carried over from another character. This is quite a change that should make rolling an alt a lot more interesting, and of course, worthwhile.
For clarity: Starting in season one Sacred items have a level requirement CAP of 60 and Ancestral items have a level requirement CAP of 80. So items you find at level 100 will only require a level 80 character in order to equip!