Hmmm.... I'm seeing a lot of interesting suggestions, but many seem to run along the lines of, "Just pump up the difficulty of the monsters." I also don't like it when players are just items attached to a PC, but I'm not sure that was my question.
Let me try again- someone mentioned the Balrog.... Balor thread. I remember that well! From my experience, though, that's a bad thing (if it works for you, though....). 7th level characters shouldn't be fighting Balors- because then, what do you have to look forward to?
I guess what I'm asking is this- have people had luck with both having magic items and not having crazy powerful monsters everywhere? And yes, we have agreed that there will be no feats and no multiclassing already, but still ... dang.