You can now die with confidence that your stuff won't despawn right away. Introducing Ghosts! (Replacement for both Graveyards and Deathchest)
You have exactly 1 hour (real time) to find your items. It can spawn you anywhere from 40-100 blocks at random from your items. It also allows both single and double chests (be sure to be carrying at least 2 chests to activate the "Ghost" effect).