The new pvpfest map is now built. We're just waiting on an update for some of the plugins on pvpfest such as the voting to prevent the money glitch. Until these are fixed, it is pointless updating and reseting because non of the current bugs will be fixed. A reset is planned, though.
I know, this is nothing to do with the loot. I'm just saying that it won't reset until these issues are fixed.
If it is too easy just make up a challenge for yourself: -Wear protection 2 and go fight. -fight without gapples -fight without enchantments -... Just make some challenges for yourself, make a video and post it on youtube if you wanna show of. (As always, soory for my bad English)
The reset will occur when the necessary plugins update. You will keep all ranks, however, will loose all enderchest storage + the economy will be reset. There will also be a BRAND NEW amazing pvpfest map, built by the wonderful Minetime BuildTeam!