I stand with King in the fact that if you're got an already small community it is unwise to divide it further due to non-transferability and leave the former hub of the community to rot unless they adapt.
I hope that with time and with the release it is discussed and we are given at least a window of time for, say, items being converted, or at least some sort of encouragement to look forward this new release.
The immaculate texture system Toribash has is obviously incredibly dear to me and it would deeply sadden me to see it go so I hope with all my heart that it remains, for it is an extinct part of videogames when you could upload your own textures and reach higher levels of customization than a selection from a pool.
Fingers crossed guys. I hope we're not NEXT on the guillotine.