This whole affair has caused myriad arguments with the community, with some old-timers noting that the time-to-level increase is a joke compared to Vanilla, and newcomers sharing their point of view that World of Warcraft is slower than a lot of other games on the market. I can certainly understand both mentalities, but given that the leveling system is sort of a token process now and is already frustrating for a lot of players -- seeing it shaken up this much can't be good for the game.
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Something to keep in mind as well is that this will make enchanting materials more valuable, since it is likely most players will now simply scrap their boe greens instead of getting them disenchanted. Also redundant dungeon/raid gear can be scrapped rather than traded to the (guild) enchanter in the run. Less stuff gets disenchanted, meaning there will be less ecnhanting materials, meaning their value will rise. All the more reason to DE rather than scrap as an ecnhanter.