I think it's fantastic.  It makes those items meaningful, and it's one of those limitations that actually increases choice by making the choice of what items to use meaningful.  I didn't even look at items really before, it had a bonus so I equipped it.  Now I have to make intelligent choices that help me specialize heroes and units, making both more interesting.

10 rings? What, you don't have fingers in your feet?

But I agree with a different limitation than "Just 4 items" or what we had before (the champions resembled Mr. T).

Rings are the weakest items and the cost will add up. IRL I have had more than 3 rings on a finger before. 

Ughh. I don't like the sound of having to Micromanage my items every turn to get the most benefits.

I'm not sure how to solve that without making the game less fun. I know somebody is just going to say "don't do it then" but I'm not satisfied with that solution because, 1. It is now the optimal strategy, and 2. The AI SHOULD be programmed to take advantage of all options available to it, including swapping equipment every turn. Therefore, I'm immediately at a disadvantage for not taking my ring off every day and using my telescope, then putting my ring back on and attacking the enemy I spotted. If the AI does NOT do this, then I have a cheese tactic that gives me an advantage, and we're supposed to report those.

Perhaps there should be no limit to accessories that provide no tactical combat advantage, like a telescope.

or

Each item slot can only be swapped once per day, preventing the receiving of bonuses from multiple items in a single turn.

I guess neither of these solutions are ideal, but they are certainly better than the current implementation.

It's definitely an improvement to have a limit, and 4 items is simpler then 2 rings, one amulet, etc, and will actually lead to less micromanagement than that would.

Some items should definately be exempt. A non-combat oriented item such as the telescope is a good candidate. Horses are exempt and they fall under equipment as well. It likely wouldn't be too hard to create a secondary category of equipment for this purpose.

I would much rather have a dynamic limit.  Just as theirs a pack-mule encumberance, I would like to see an variable equip limit with different types of champions being able to equip different amounts and different types of items.

For now a item per champion limit seems fine, but as a future direction this being a modifiable trait seems interesting and intuitive to me.

-tid242

I'd rather have 1 amulet, 2-4 rings, and 2 random accessories (compass, etc) -> I'd like THAT to be the limit

ONE amulet

FOUR (or two) rings

TWO random accessories

IMO they could raise the limit a bit.  With the new experience rules I only use one champion per stack, and I usually can't afford more than two good stacks early on, and later on most of the monsters are dead, so there isn't any point in creating another stack unless I am going to war, so my copious amounts of loot are usually distributed to my Sovereign and a secondary champion.  The excess goes to all the champions I recruited just to keep them away from other players.  Those champions just sit in my cities as free defense and they don't ever level.  The Adventurer's Guild is completely ineffective at giving experience to idle champions.  One experience every year?  Yay!  In 100 years I can gain a level!  More than a couple champions is really kind of pointless now, but there is still all that loot.

As I explain here, the real problem with the Adventurer's Guild is that the fact that it reduces recruitment costs by 25% is not mentioned anywhere in the description. The building needs work, but there is some logic to it.