So, in other words, let's say they restrict Send to Camp to Waypoints.
That sounds like a good compromise. Can we fast travel while encumbered, currently? I don't think I've tested this yet but it would make sense, to me, that we couldn't. I imagine some will still argue that being able to load up a character, multi select all the items, and then "send to camp" is too much quality-of-life. But I can also imagine (role-play) that my characters actually went back to camp dropped the stuff off and then returned to where they are with nothing really that eventful happening.
Random battle encounters could be implemented when fast traveling but then we would be able to farm xp that way and early access is supposed to be limited to hide things from us so maybe this wouldn't work for now.
It would be kinda funny if we could imbue random junk.

Maybe hurl a flaming spoon that does 0 + [1 fire] damage. It's not much to really make a difference...but it could set some grease on fire...or act as a dippable surface maybe...