I'm what I like to think of as a 2nd generation player here on Avlis. I came in after the 1%'s like Vian, Strangg, and tindertwiggy. But not much after. I remember the days before there was a wilderness server, let alone Elysia or Le'Or... Kima, Timo, Kira are all also 2nd gen players.
We all started in the days when there were high level PC's out there colecting a ton of magic stuff, and sell it to merchants. I remember buying a +3 towershield at like 6th level so I could use it at 8th.
There is a point here... trust me

Avlis is a low magic world, but that term means different things to different people I think.
As I understand it, it doesn't mean magic is rare on Avlis, but only that powerfull magic is. So +1 or even +2 weapons or armor are not extreamly rare. +3 and better items are quite rare though.
This does however lead to a small imbalance between mages and warriors... Mages have their full range of powerfull magic, but warriors don't. But considering how much being a low level mage sucks, I think this is at least somewhat fair.
One thing to keep in mind, the balance of magic in Avlis is something that will be constantly tweaked and changed. Orleron has a feel for where he wants it to be at... How many glowing weapons he may see if he logs on, vs how many powerfull but non glowing ones, stuff like that. I think the amount of magic in Avlis will be constantly changing as players come and go. So we are going though waves of magic avliablity...
We're at a low cycle now, to clear out the mass tonnage of magic that was never ment to be there in the first place, once this is done, you'll proably see the amount go up until it gets a bit to high, and dips back down again.