Joel Bylos has taken to the Age of Conan: Unchained site to post the latest game director's letter. In it, Joel discusses the multi-phased transition to single server tech similar to what is utilized by The Secret World. Then Bylos goes on to announce several significant changes including some PvP revamps and a delay in the overhaul of the tradeskill feature.
Let me try and give you a little inside information on how the process is currently looking.
Functionally it works in our internal builds, in that you can break down items (not all of them) and combine items and discover recipes.
However, it is missing most of the background work that needs to be done in order for it to work in the game and the game systems. This includes the Guild Renown system which will need to be updated to use the new crafting system, Battlekeeps and Guild Cities and even the much-loved Shrines of Bori PvP game. All of these features interact with the old crafting system on some level and they all require updates to be able to be used with the new crafting system.
Read more on the Age of Conan: Unchained site.