For your farming toons it still is, but having just bought them for my group and done a quick fly-around... the 150% mount is just fine for getting around from place to place. It feels like you're moving now. At some point my characters will have the cash necessary for the 280% skill, but I no longer feel as if I have to rush to get it anymore.
The lag is pretty bad, though. I won't get to play much until the weekend and I figure they'll have it fixed by then.
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