Not at all. But I see where our view on things differ.
I consider a druid not having unique racial druid forms a downgrade, because they'd receive less work than the other druids.
I consider a shapeshifting race who can't display gear on both shapes a downgrade for the same reason. They received less work than the other shapeshifting race.
I don't look at the dracthyr form as a druid form because it is not. It is not an appearance made to fulfill a specific role and it is not one of several.
If the dragon form was like the DH metamorphosis, restricted by conditions and cooldowns, appearing for only brief times, then I'd be okay with a unique ungearable skin. Because who cares, you only see the thing for 30 seconds top ?
But the dragon form is supposed to be their actual appearance and has the same purpose as the worgen form, a model that justifies them being a whole race. So the compromise of a visage form made up of the two most popular playable races with over-saturated customization options and a dragon form that can't display your transmog is unsatisfactory. Both forms in their own way shows that they didn't completely went through with their concept and I think it would have deserved more time and work before presentation.
I'm not gonna say "before release", because we are far from it. And since we are barely in alpha, things are likely to change. But for them to change, we need to communicate what changes would be welcomed, of course.