I rolled another Priest on a new server to play with some friends, and hit level 80 yesterday.
Through a day of random heroics and the weekly raid quest in ToTC, I managed to get geared well enough to raid within a day of hitting 80. I personally think that it is great, instead of the old way where I would have taken months to grind up through heroics then the first tier of raids before ever being able to raid seriously. It also stops gear from being an artificial block on content, the ability to gear up quickly means that players who can play their class well are able to raid without a massive time spent simply getting upgrades.
Just thought it was a bit interesting and wanted to see what everyone elses opinion was. And yes, I am missing enchants and gems, I ran out of gold and since I replaced literally everything it's going to take a little while :P