If I see a Drizzt in full armor bearded dwarf playing a loot, I frankly say let the dwarf play.
As for the guild tags, I never knew about those till F2P when people started to really show up with them. *shrugs* If they think it makes them special, let them think they are special. They suck light damage all the same if not better.
If you think about it, it is amazing just how much power people place into names. Such that it can keep a person around or just utterly demoralize them to lose it. This is one of those small things that end up really meaning a lot to players.