Lvl 4 is it for EA at this time. The fight is very winnable using tactics and preparation. Search the forums, there are posts on how to..
Awww - this makes me sad. Hopefully this will just all pile in when it gets extended and we insta-level.
You have to be prepared for the possibility that you'll need to start from scratch.
I just got to the end of the early access and now I see what you mean - it's really cool they added that in - as useless as it may be it's a nice touch.