Pinky forgot to mention this in her recent interview, but Sorg got part of the way there as his other claim to fame in Entropia was being a cross-dresser for a short while. It gave him super powers at the rig which ultimately led to him getting a temp ban I believe.
Female armor isn't as cheap as you think, although most parts are still cheaper than the male version. However, do you really believe it would stay that way if a load of male avatars became female? And even if you did make a saving on armor, most female clothes are more expensive than the male versions and there is also lots of female only clothing, so you'd end up out of pocket that way!