Diablo 3 - The Paragon System - 100 More "Levels"

Blizzard unveils the Paragon System - an additional 100 "levels" after the level 60 cap to enhance extended play. The post at Blizzard outlines the issues in detail but for the sake of a quote, here's the basic description:

The new Paragon system coming in patch 1.0.4 is designed to address Magic Find gear-swapping while providing players who’ve reached level 60 with an extended progression system.

Here’s how it works:

• After you hit level 60, any further experience you earn from killing monsters will begin to count toward Paragon levels
• There are 100 Paragon levels
• Every Paragon level will reward you with:
  • Core stats such as Strength, Dexterity, Intelligence, and Vitality in amounts similar to what you’d gain from a normal level
  • 3% Magic Find and 3% Gold Find
• In addition, a distinctive increasingly-impressive border will surround your character portrait in the in-game party frame to denote your Paragon progression, with a new frame earned after every ten levels. Your Paragon level will also be visible to other players wherever your normal level is shown

We know that a lot of you out there are level 60 -- maybe on multiple characters -- and this system provides a way to make progress every time you log in to the game.