Ladder Reset?

[soul killer]

Ok,now everyones heard about this ladder reset thing,but ive only been playing on bnet for bout 1yr and i have no idea what a ladder reset is,wtf does it do? whats the point of it?
Sorry for the noob question but i gotta know.

[Evrae Altana]

Each realm is divided into two "sections": Ladder and Nonladder. When the Ladder resets, all Ladder chars (along with all their items) are moved to NL and a new Ladder season starts. Ladder players has more access to runewords, uniques, and cube recipes, as an incentive to play Ladder.

Look here for more information.
http://forums.diabloii.net/showthread.php?t=448594

[sKuLLz]

Pretty much it gives people a chance to be the first to lvl 99! you dont loose anything it is just different!