I sure am glad to be back in Paragon, and appreciate everything the Homecoming team has done to bring us all home. However, I do share your thoughts on both XP and Prestige (as unpopular as they probably are). I'd personally rather level up my characters without any bonus - we already got XP Smoothing before the shutdown, so we're leveling a lot faster than we used to anyway. Of course we have the option to turn off XP, but then we're not leveling at all. I'd rather XP bonuses be reserved for special occasions, but I'm likely in the minority on that one.
On the other hand, we've all been absent for about 7 years, and since I'm remaking all my old characters, this is a nice way to kind of play catch-up. That's the way I'm choosing to look at it - I've already leveled these characters once, so if I have to do so again, there's nothing wrong with doing it a little quicker. I just hope that eventually XP rewards will go back to normal.
At the end of the day, though, I'm able to return to Paragon City - something I'd pretty much given up hope of ever doing again. So I'm glad as hell to be able to bitch about something like this, and thankful to the Homecoming team for making it possible.