Pretty sure they won't remove veteran ranks. Not because they shouldn't, but because they can't.
Actually I would prefer if they make like 1000 levels max or something like that and added content when users will go to that levels. 50 lvl is too low. If they cannot get rid of VR - make 50 more VR levels. So it will be 50 lvls normal, 50 lvls VR, when people will get there, make 100 champion levels with 2m exp per level or so, and create content for higher levels with time. That would be awesome.
Fortunately, the last ESO live used wording along the lines of “we confirm that vet ranks will be removed from the game. This will occur after console launch”
(Scroll to 17:18 in Episode 11 of ESO live)
https://www.youtube.com/watch?v=2lhbH7PdEU0&list=PLZng8hzxXSt6-402bM1G2UuZbtnlrMn0z&index=12
Actually I would prefer if they make like 1000 levels max or something like that and added content when users will go to that levels. 50 lvl is too low. If they cannot get rid of VR - make 50 more VR levels. So it will be 50 lvls normal, 50 lvls VR, when people will get there, make 100 champion levels with 2m exp per level or so, and create content for higher levels with time. That would be awesome.
Sounds like about the most alt UNFRIENDLY set up I can think of...especially in a game like ESO which has gone through so much trouble to make playing alts fun and encouraged.