Yeah if anything this will INCREASE the number of raiders, since their slight bump in gear from hunts acts as a handicap to their slightly lacking skill.

It certainly bridges the gap for smaller FCs who are almost beating T6+ but can't quite pull it off, and allows them to progress towards T9 where as otherwise they would be stuck behind a content wall.

I don't see how any of this ruins raiding, and in fact just makes it more accessible for a lot of talented players who might be stuck with a mediocre group.