You hit the nail on the head. There is no room for honor here. My server is mostly dead; with very few guilds. My guild is literally the largest populated guild on the entire server. When I began my coin farming, I realized very quickly that I would not accomplish my objective (getting the mount and pet. The killing blows required for the title is unreasonable -- even post hotfix) unless I was willing to prey on my own guildmates. At some point, the Timeless Isle will be as devoid of players as the Thunder Isle is now, so I wanted to get this over with as quickly as possible. Perhaps my reasoning is flawed, but this was my experience with this particular mechanic. It certainly directly effected enough people that I feel the need to say something.
I'm a mount collector -- so I feel compelled to chase the mount down even though I have absolutely no desire to gank anyone. My past few days have been an endless torrent of guild drama and, worse, random players of my own faction sending me whispers, friend requests, threats, and General chat material that I dare not repost here. I moderate a small online game so I'm subjected regularly to some pretty awful things that players say to each other and even I was disgusted by some of the choice words that people had for me.
I see what Blizzard was trying to do here with providing PVP that doesn't require good faction balance -- and I truthfully had some really good battles over the course of this farm that I will remember fondly. Unfortunately the sheer hatred of the playerbase is the most overwhelming aspect of this by a super uncomfortable margin. I literally don't understand why you would make the decision to disallow cross faction communication and then go and do this.
I have my mount now. Tomorrow, I hope to farm up the pet. And then I hope to never activate the censer again.