This is still the only reasonable concept put forth. It doesn't completely overhaul the philosophy of raiding and more importantly it does nothing to increase the barrier to entry for newer guilds, lesser guilds, or pickup raids from breaking in.
I think most people here would have been thrilled if this raid agreement would have been proposed three weeks ago.
However, I do think there are some changes that should be made to this before going live with it. Most of these have been listed through this thread (limiting mobs on prioritized list, change attempt of vp to successful attempt, 90 day period to 30 day period, hands off period from 7d to 10d.)
I think BDA/Taken should be working to amend this proposal rather than pushing for the creation of an entirely new system of raiding that is radically divergent from the current one.
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