No, it isn't problem solved. Psy doesn't work.
You CAN choose to wear better armor on your mage, you CAN choose to be faster and outpace foot fighters as well. There isn't a choice that any race of foot fighter besides Veela CAN make to shield against magic. I don't want mages to be useless, I play a mage too, but their damage is too high now. For some reason it is higher than in MO1, not sure why. If SV ever makes mages able to PVE their population will explode if damage is kept at this level, especially when other schools come out.