I don't see how it's bad, and I use it's base version.
Even if you change my mind that it is bad, you can't possibly argue that it's worse than FFXI. If the only argument you have is 'looks,' we're on two separate pages because aesthetics can always be changed since they are client side and not server side. (Guys, everything in the entire client can be edited and changed- with next to no way to find out that you've done it. You could be playing hello kitty island on FFXI servers in terms of graphics if you REALLY wanted to.) I'm talking about actual information displayed, in which case WoW has done it correctly, and FFXI players are playing in the dark.
I mean, without testing and the fact that it's apparent, it's safe to say that we would all think that Accuracy and Haste do absolutely nothing because until you start using them, it looks like they do nothing. We all assume they do increase hit rate, and speed of attacks, but if you're coming in to FFXI with no previous knowledge of FF games or any RPG for that matter these things mean absolutely nothing to you. The fact that changes of such elementary stats are not displayed is a reason that FFXI loses so many new players so quickly. On the other hand you can go in to WoW with it being your first experience out of your mother's womb and start to understand what your gear does for you.