Players farming away at level 60 in Diablo will soon have an additional incentive, as Blizzard has revealed a new Paragon system that will offer an additional 100 levels of experience to notch up above and beyond the game's traditional end-point.
An official blog
by Blizzard's Jay Wilson discusses the system in detail, which is intended to address the issues the developers have detected with the use of Magic Find gear. The 100 extra levels in the paragon system don't come with all the benefits of the standard player levels, but they will incrementally increase player's chance of finding phat lewts in the end-game.
The idea is that if you’re currently swapping gear in and out for the Magic Find bonuses, you can continue to do so… but gain enough Paragon levels, and you won’t need to any more.
Final patch notes for the 1.04 patch are expected within the next few days.