I hear your legitimate concern.
I’m not for cheating, at least not at the expense of other players.
But strangely I would say that these “cheaters” help, in some ways, to spot the cracks in the core design of the game, revealing faster than the “honest player” where some build or mechanics can break the initial promise, which is, as a reminder : a visceral action RPG (from which we are far from if you consider the entire game experience from the start of the game to the Crucible now).
I always try to see the glass half full. 
To conclude, as the direction of the game is as unclear as it is to me right now (Check this reply for more details) I would prefer a wipe no matter what the situation may be later on to get the intended experience from the start of the game to its end when the final release will come.