Very well put my friend. I completely agree with your post, the raid content is severely lacking. I myself blew off a hard mode KP last night since after completing it once our guild already has it on farm. We had the option to go to NM mode but our guild leader decided it was pointless due to the fact that the gear drops are the same as HM. So far the only way I have heard of to actually be challenged is to attempt HM 16 mans with an eight man group.