Character wipe would mean that we could have systems deleted, the mod could be designed with the players (=/= Igiss) in mind, streamlined and perhaps a bit simplified in terms of rules, remnants from old RP stuff long forgotten and so on.
With the collective experience of the community, Disco 4.88 (or Disco 5 !!!!) could be the awesomest thing ever, but it would require heavy usage of the "delete" button and a strong will from players to not throw in the towel when their CAU8 BS is forever lost.