Definitely shouldn't be using this in pvp, even a minor speed increase is so obvious due to slows having no effect on you.
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I hope they ban all of you who are cheating and I'm glad they're starting. BW not perma-banning people because they don't want to take a population hit would be a horrible business decision in the long run. Non-cheaters (the majority of the community) will get sick of the crap and quit, leaving BW with a bigger population loss and with just the cheaters that ruined the game left.
When you see people cheating, ESPECIALLY in PvP be it world or WZs, it is a piss off to no end. It's sad that so many people nowadays do not understand the concept of fair competition and believe the means always justify their own selfish ends.
I have a particular scorn of people that cheat and use underhanded tactics such as these to try and gain a unfair advantage. I played poker for a living for over a decade and one thing that was NEVER tolerated, and I mean NEVER was cheating. In a poker room or a casino, if you are caught cheating, law enforcement gets involved and no quarter is pared. The same should be done here and the enforcement is done by BW and the penalty is to be permanently banned.
Good for BW to stand up to all of you cheaters and I hope they catch every single one of you!