Soft level cap

Can anyone clarify, how level xp gain nerf works with xp+ gear?
Does it negate gear's stats?
For example, at level 625 i wear xp+ 50% gear.
What is the resulting xp gain, 50% or 30% of nominal?

We're re-scaling the levels with the expansion and removing the XP penalty. I'm not sure we'll retroactively reward "lost" experience, though.
Earning XP and leveling-up will be a lot faster, especially at lower levels. This will allow you guys to level-up all your (new) ships relatively quickly and get them to a competitive state faster.

Rescaling? Does it mean we can lose stat bonuses, which were earned with a lot of time and efforts put in?
I'm a lil worried, but removing penalty is good imo.