Indeed. I agree with you there. But there are many people, casual players, who think the points system is a bad idea because hardcore players will end up monopolizing the gear, and then we have the original FFXI endgame all over again. But oh, that's not a concern, because those players don't DESERVE the items, right...?
A points system is good for everyone, for casuals they can join proper shells setup to get gear from VW and hardcore players can make proper progress instead of the current totally random unrewarding mess. Current system puts casuals off more than hardcore because after 10+ runs getting nothing they won't wanna do it anymore.