Your view is completely black and white i see. Let me add a little color.
The covenants offer:
Covenant ability and class ability
Soulbinds and their benefits + conduits
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Covenant dungeon bonuses
Legendary recipes
Zone hub themed to the covenant
Flavored transportation and other benefits within the zone
Dailies for the Covenant + specific quest/event like: Venthyr party
Transmog
Mount
Pet
You see the split there? We unhinge power from aesthetic.
Now you can pick your covenant aesthetic and power how you want.
How exactly does this make you bored? You have more choice than before, you lose absolutely nothing.
Maybe actually read the benefits of covenants before arguing, here's a helpful link:
https://www.wowhead.com/guides/shado...lities-rewards
Also what's this regarding my sub 500 guild? You're too generous, maybe i'm in a sub 5000 or even sub 50000 guild.
Does it matter? Would it increase my guild ranking? No m8, because everyone would get the same "benefits", so my guild wouldn't get an edge since everyone gets it.
Maybe don't try to make a point if it's an invalid premise? Don't throw logic away in the trash...