This guy gets it.Not sure what you mean, I think I apply myself when I feel like it--I placed in the Top 100 in Feast 3 times in Feast (whenever I thought the reward was nice).
As far as sense of awe, I don't know about you, but I've been playing MMOs for 15? years now and seeing skilled players all decked out in cool stuff is inspiring. For me, it gives me something to look forward to, something to strive for, even if whatever they have is not suited for me nor something I specifically want. I can appreciate the effort and dedication they had to get where they are.
Depends. For a seasonal event where the quest reward doesn't come back, you're right. But for anything else, where you have to work for it, much less fight amongst yourselves to prove you're better than the next, you're wrong. Any competition (I fully support PVE "World Race" timed-exclusive rewards) is limited by time. Anyone can try afterwards, but part of the competition is being there, at that time, in that competition, against those competitors, with the same amount of info (literally, no info except what you glean yourself) as everyone else.
Imagine if the the World First for any particular raid was won upon release. Then imagine some raid group coming afterwards, using the strategy developed by the initial raiders, but with overwhelming gear and job levels to kill the boss faster. They can't just usurp World First after the fact. That's unthinkable, but that's the argument you're using.
You get it. You're the best. <3