Adding the Silver Covenant in WotLK was some of the biggest Blizzard's mistakes. Now we have a host of High Elf fetishists. And did the Alliance even need an elf counterpart to the Sunreavers? Makes little sense to begin with.
I actually like the idea that Blizzard should have gone with Lightforged Elves and Void Draenei. One of the main arguments of High Elf haters is that they're not distinguishable enough - Light features would help with that, while not distancing them as far from the original High Elves as the Void does.
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Dristereau Don't forget that there was a third High Elf group, the one from Quel'Lithien Lodge. They went Wretched.
Now that I think about it, they would be better described as the Blood Elves who refused to Mana Tap. Being a Blood Elf and Mana Tapping was not originally the same, and no longer is.
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By the way, it's a travesty that they are butchering the Blood Elf lore by calling the race "majestic" and such (instead of the "cold hearted refugees" they were in WC3 and TBC). But that ship sailed long ago, in patch 2.4, when they decided that giving them back the Sunwell, changing it to Holy, and removing the Blood Knights would be a step in the right direction.