I liked it too back when you could farm out some half decent gear this way.
I think nowadays you'd have to make the mats and gear BoP though, otherwise you'd just end up being able to buy a bunch of gold via WoW tokens, go on the AH and get really good gear. I mean boosting already does this I guess but even so, no need to make the situation worse than it is.
It was cool back when you could farm up the mats for an Arcanite Reaper and have a dope weapon that way.