When I first read the OP, I was pretty vehemently on the "WTF? NO!" side of things...
However now that I've thought about it some, I don't think it's necessarily a bad idea... but I do think that other ways of earning money need to be added before it is removed.
Sometime today or tomorrow I'll try to go into the server under a fake name to see how hard it is to get a start as a noob without gambling. Until then, I'm abstaining from the poll.
-Would make server-controlled money system possible. This means, that there won't be any more cash cheaters around, EVER.
This isn't true, as there's still lag and pausing. Certainly there would be less of them, but to say that there will be none at all is a bit far-fetched.