Firstly, I'm thinking that a restore would make it really easy for someone to get a second try at that mob they just barely died to. Run back, grab your gear and finish it off. Yea you died, and have a XP hole, but you got that shiny you were after anyway.

Secondly, I would think it better to simply restore faster. Running around collecting your corpse, you'll unghost at like 50% or so. Why not some kind of mild 'slow' effect. If you need to regain, you only have to sleep a few (4-5) hours max, rather than 10-12.

Maybe just leave it all, I mean it is a bad thing that you died, right ?

-Cassman-