I personally would find the game boring without death penalties. Also I would stop having to make dappers to buy teleports for hunting because death porting would be free...which sounds nice, but would get boring fast. DP helps to balance things out a bit. It's a nice reward to encourage you to master all skills. Honestly though....the only time I really get DP is when death porting...it's not difficult to find a friend (or enemy) who is willing to rez you! :)