Alright then, after a bit of contemplating and discussions with an anonymous colleague - a man named Sheepslug - I realized that what I suggested earlier was somewhat selfish on my part since it involves simply wasting all the effort everyone has done so far. Yeah, totally not fair; I know, right?
Anyway, the conclusions that were reached as far as alterations in the RP goes, these are what we'll go with.
1. How magic will interact with technology.
2. The way magic is used by your characters will change. It'll be extremely simple as compared to what we have now.
3. Magic is somewhat common knowledge, it's just under heavy scrutiny and debate and MOST PEOPLE do not like what it entails in terms of individuals who can control reality in some form. This provides that element of natural fear that comes with knowing there are people who can bend reality at will, even if it's just spouting fire.
I'll discuss the specifics in my next IC post. For now, I need to read up on your posts and know who else plans on staying. As of now, no real change to character sheets is needed.
Hope to get some feedback on this. Thanks guys!
EDIT: By the way, I need a roll call on the current participants of the RP? Who's still around? These are the only ones I'm gonna update.