The swords used to be different colors, kind of nice and immersive. I was thinkin it'd be nice to bring that back slightly. I'm thinkin lvl 1-10 would be "Wood", 11-20 would be "Bone" 21-30 would be "Stone" and so on. It could be shown as "A Level 2 Stone Sword", or "A Level 9 Holy Shield"
If nothing else, it'd add an achievement ladder for people to climb, compared to just adding 1 to an already large number.
P.S. Here's a starting list I thought of....
Wood
Bone
Stone
Flint
Tin
Copper
Bronze
Rusty
Iron
Steel
Carbon
Silver
Gold
Mithril
Crystal
Diamond
Bloody
Shadow
Dark
Black
Death
Hellish
Dragon
Light
Heavenly
Holy
Excalibur