hehe why don't just make all extentions downgradable then? you got your ep, you spend them, if you don't like it - you can simply downgrade any extention without losses and reassign them as you wish. something similar as in Global Agenda.

+: no more "ohnoez ive spent ep wrongly and silly and i want them in different way and bla-blah"

-: ppl will simply respec for every single thing - mining, roaming, guarding, etc

It could work with some time restrictions.

A Full EP-Respec every month and reset one extension to 0 every 7 days. Or something like this.

Account resets was always a TERRIBLE idea.
However attributes are the most important thing to get right and it made sense to allow new players to reset for free once. I like the current system. If you can't save up your EP for a month then that is your fault. If you got your attributes wrong you should probably know this within the first.. 4 days easily.

Put a stop to account resets and make a better character reset which keeps everything about the character but refund EP and changes the starting choices. Wouldn't be hard to create. That way people won't just change names on a whim or wipe a corporation from their recruitment history.

Choices are what an MMO is all about.