the LFR method is bad. I prefere those raids as 1 time story telling scenarios with npcs that help you. That way you could see the story too and the content, but won't be forced to farm it, every ID with either a main if its fresh or twinks.
Too much farming destroys the game. Farming points should be pvp only, too. OR remove points completely, and you have to get to a rank/rating to to buy a set of gear with honor.
Entry gear for normal raids should be provided by more powerful 5man gear and more powerful crafts, that will also revive a bit the ah market.
All problems solved. ;>