Since purchasing this game the other day, I've heard a lot about the final server wipe. However, despite trying to figure out what this means, all of the information I've seen appears to be largely about tribes and totems.
Am I right in assuming that the wipe essentially deletes all of the characters, including items, skills, etc.?
Yes there will be a wipe that will delete all the characters, tribes and reset the world. This will most likely happen next week.
Admins promised to retain the totems for some tribes (those that placed them on the 18th last month, which was the original 'final wipe'). It's not yet certain if this will happen as more than half of the players are against it.