I don't understand how so many people are advocating for this. I haven't had any PvP on Ilum yet, but fighting someone within 1-2 levels of yourself should be rewarded with a bit of valor or commendations. If it's not... fine, maybe that could be added in. Ilum's PvP area should definitely be rewarded with small amounts of valor and commendations.
However, open world PvP was never supposed to be the main area for engaging in PvP. It's meant for you to remember that at any moment you could be jumped, or you could get the jump on someone else. People seem to expect massive battles to happen in the open all the time-- they won't.
You'll get the occasionally battle sure, and that's supposed to just be for fun. If you want valor and commendations... go do warzones.