Exactly. It took away any incentive to run LFR. When people would rather do shitty Tanaan Jungle for baleful items rather than run LFR then there's a problem.
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If you need your set bonuses so badly why doesn't your entire guild queue for LFR and stomp through it for your gear? That's what we did for a few resets to cap our valor. You're bottom feeding to begin with so why not make it even easier.