Is there a way to actually do this yet?

As far as I know Intryzz (Sleeping Pyro inn) gives that option.

No he does not. He gives the option to retire a character. I believe the character remains in the server vault.

I also saw an area in the fugue that I think is meant to be sort of a whitelight option. The time that I checked, it was not active.

This is not implemented yet in a scripted fashion.

We are able to do it manually, if it really needs to be done.