I came back after a while, while I had already gotten the cloak on another char (that was also played not that hard core but casually even then). But now, while they nerf the difficulty of drops, it just locks you out for at least 3 or 4 weeks because of the test of valor restriction, and even if it's removed, the lock remains at least until the day of the pre-patch! Ironic isn't it?
Then, the game is full of things the new character hasn't done, and it feels overwhelming, but it's also about time to think about wod and ignore the past. But until then, you are not in the past, but in the current expansion, and it feels on one hand you can do so much but on the other that it's pointless. e.g. You could start a halfhill farm again, but motes become practically useless to farm next patch, or you can farm for rep to make some money off the profession recipes but it may only last a month.
I mean, seriously, in periods like this blizzard should just completely "blow" the game out of normality to make it more accommodating to those coming back just for wod. e.g. give the cloak to all alts by giving a 1000g fee (I actually thought that was allowed, at least they allow Ordos kills). Or give all reputation awards with gold or just more easily.