Why people are still restricting password complexity. As long as passwords are carefully & cryptographically processed (read hashed with individual salt). I recently designed a system where the only password policy is the length (8 char minimum) and they are stored hashed with salt being a specially encoded user id (thus unique for each user).
I also like to contradict myself. Password complexity and and all the policy are needed to make the social engineering not feasible. I mean a strong and secure system and with that people are using 'password1234' is a very bad practice.