you can choose give max level to one wizard on your account for both P101 and W101 if you buy a bundle, its like the options membership or 5000 crowns from getting a bundle, and max level will instantly boost your wizard to the max level in the update, and give it all the spiral keys, but the quests still linger around, that way the fun never stops even though your MAXED. so that sometime I could do my quests without getting knocked out. that's would be a cool option, so you guys should add that sometime, Cuz I Love Wizard101!
Would be really boring to do lower levels as max level wizard. Also, there's no reason for XP at that point. If you have all the spiral keys, you'd basically skip all need for storyline quests except for spells. It's way to complicated and really not a good idea.
I feel alright about Level-skipping if a player has already played the game to completion, and even then, I feel like it should cost way more than a bundle to do so--I'm thinking like 15,000 crowns for +10 levels.
But I don't like the thought of someone brand new to the game skipping right to the level cap, because one of two things would happen: 1) you'd still have to do all the low level quests, which wouldn't even be a challenge, or 2) KI programmers would have make a way to to pick and choose from among thousands of quest flags which ones you are meant to have completed, according to your newly-bought level.
This idea could open up the possibilities of entirely new levels of frustration! I can't imagine anything more potentially maddening than the possibility of getting into a battle in one of the higher zones of the Spiral along side a wizard with access to all of the spells but absolutely no knowledge of how to use them properly.