Lost in the technology love-fest are the problems virtual property might bring. The Virtual Property Problem lays out a model for what virtual property might look like and then applies it to various scenarios. This highlights the problems of carving virtual property out of a game developer's rights in his creation.
From the abstract, "'Virtual property' is a solution looking for a problem." The article explains the "failure of property rights to benefit the users, developers, and virtual resources of virtual worlds.""