Funny, that didn't even come up in the list of reasons the friends of mine who left WoW for FFXIV gave.

What I've heard was:
- the story/lore is an utter mess and relies too much on things like tie-in novels
- the pace and amount of content updates is incredibly inconsistent (they had one update that was nothing but Twitter integration and a selfie cam)
- getting groups for raid could be a nightmare
- the terrain was terrible to navigate and they took away flying to make it even worse
- they hated the direction the story took after Mists of Pandaria
- the game stopped feeling like Warcraft a long time ago

Gating and caps didn't even come up in the conversation.