MQs let people complete quests from content they'd likely never. I don't know about you, but I've never heard a Phinny kill group say they're looking for a rogue. On live, my Robe of the Kedge was MQed to me for my Ragebringer. On live, my Drusella / Trak pieces were MQed to me for my Spirit Wracked Cord. Both MQs were free of charge and from content I never did and never would have done.
Here, MQs play a vital part of our economy. It's something valuable that will sell, unlike perhaps Thick Banded Belt #15607. MQs allow raiding guilds to defer a loot decision instead of having to award a high end epic drop on the spot. And above all else, they give bored level 60 players something to do on a server that allows no alternate advancement. It's good thing they exist and you'd realize real quick how much things would suck without that option, key word option, being on the table.
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