id totally ban alts and do perma death, or at least make a really severe penalty for dying.
If you die, there is a chance that you would be respawned(for example based on your reputation, and where you died)
also, if you are high level, and well equipped you could opt to pay(a hefty price) to get respawned, at BOS or enclave or somesuch(you had a power armour that sent a distress signal when you died, they send a squad to pick you up and revive you but that costs money, son)
Or not pay, and hope that the standard chance is good enough for you

Also you could make a will, so if you die your stuff goes to your new char(or whomever you put as a successor), so it would also make death slightly lesser problem. you would loose all exp though...
But thats just me, i like roleplay and immersing in game, and this is the only mmo that i played that had at least semblance of it...
At least it would be awesome if it would be possible to make a dedicated server for role play oriented people. No alts, perma death, harder resource farming, no high tech weapons/armors easily available etc etc. Problem solved.
