Yes, and don't want to see it back. Sadly, it sounds like it will be back in some kind of patch 5.3 though.
If they want to introduce features like these, they must give people options and not pigeon hole them in dailies. Make VP cappable through raiding, charms to be obtained by, e.g., crafting (as crafting is so dull now anyway), and rep being obtained via dungeons.
Oh and hard VP cap (3000) should go. People (including me) abuse exploits allowing to get around it as it is not possible to plan anything with such extremely low cap, but those exploits are tiresome and very inconvenient.