Sounds wonderful.
People who want to run LFR to see content/upgrade gear/catch up after a late start or break/transmog can do so and hopefully, the actual raids will be out long enough that the douchey elitists have no incentive to run it and save us from the subsequent bitching about being "forced" to run it.
Well, LFR doesn't require a premade group and it's far easier to get carried in. That alone gives a huge swath of people a reason to run it.