I was running around on my Warrior in TB, got completely annhilated by another Warrior. Looked up his Armory and he had 62%+ PvP power (Full T2/Elite upgraded), compared to my 31% (No weapon, mostly updated Honor set). He was also Rank 1 in 3v3 and 5v5, so I would've probably had my arse handed back to me regardless.
That's pretty much the only thing wrong with PvP. It's too reliant on getting the Weapon for the PvP power, more specifically getting a T2 upgraded weapon, to be on an even ground. With it, you're balanced. Without it, you're fucked. I understand and agree that someone with better gear should beat another. No problem with that. However, when I can't even get a hit in because I've just been dropped that fast something is definitely fucked up.