Another problem I have observed with the implementation of the item limit is that the countdown was not implemented on a per-account situation.
Instead, it was implemented system-wide.
So... if you have not accessed your account for a while, and have just joined the game up to this point, then you will get stuck. I am not sure if you will be receiving any initial items if at the very start you already are beyond the limit.
When the new version was implemented we were given how many days? 24 days? But... if you logged in late in the implementation, you would have had less.
What if you logged in today, and you have thousands in your inventory... how will you advance?
That is why I think the countdown to clear inventory should have been on a per-account basis. The countdown should start when you have logged in the new system. (Well, I don't know the what the situation is now... so I could be wrong.)