So... even if you happened to be better than child of Fortune and grinded millions of dailies for old VP gear, that leaves you with ilvl 519.46, which is basically twice less powerful than 541. I wouldn't call it as anything even remotely close to be another progression path.
If another progression path is to be linked with gear, it should allow you to get as high as 541 gear. Otherwise it isn't progression path, rather some time sink which ends you with things which are submediocre at best, most of progression still being pigeon-holed into raiding.
---------- Post added 2013-06-14 at 01:52 AM ----------