I have always played passworded Battle.net, occasionally with real-world friends, so I know my opinion has a high chance of being ignored. For those who are willing to listen to me, I for one am glad for this. I hope that they use a system like that in Titan Quest, which I also noticed has not been mentioned yet.
The respec system I am talking about from Titan Quest has you buy back skill points one by one, and the cost increases with each point reclaimed. For example, let's say you realise you don't need Whirlwind for the build you are using. So you go to the re-spec vendor, and buy back a point in Whirlwind for 1000 gold (the starting number from TQ). The cost is now 2000, and you continue buying more. Overall, if you have, say, 8 points in Whirlwind, at a 200% increase per point bought, you will need to spend 255,000 gold (of course, TQ had a slightly gentler slope for respec cost increase, but you guys understand, right?).
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The respec system I am talking about from Titan Quest has you buy back skill points one by one, and the cost increases with each point reclaimed. For example, let's say you realise you don't need Whirlwind for the build you are using. So you go to the re-spec vendor, and buy back a point in Whirlwind for 1000 gold (the starting number from TQ). The cost is now 2000, and you continue buying more. Overall, if you have, say, 8 points in Whirlwind, at a 200% increase per point bought, you will need to spend 255,000 gold (of course, TQ had a slightly gentler slope for respec cost increase, but you guys understand, right?).