This "Pimp My Mount" joke that Blizzard showed us can be used instead of all of the silly thing they say like neon lights and nitro-boosters. Why not give players a mount with no armor at all, then with ether for a small fee or points gathered from Tournament runs, Buy and place the armors on your mounts this way you can customize your mount from choosing different armors being sold and paint the armor with your own colors. Even add your guild emblem on your mount or the flag it self.