Sort of.
If they reduced the ceiling so that it fell below normal/heroic ilvl, then it would have been far less impactful. Basically if you were a raider/m+'er it wouldn’t really have been a gearing system for you at all.
Would an upgrade path like MoP be “better”. Sure. Then again, grinding out valor across all your toons to upgrade items wasn’t really that much fun either.
I would much rather the high level loot just be as-is. No extra grinds required.