I actually tried out AV last night as a way to gain XP.
I found that a level 72 it was far too easy for my group of 5 Mages to get decimated.
Example, a Rogue appeared out of nowhere and within 4 or 5 seconds all 5 Mages were dead thanks to the Rogues Fan of Knives AOE ability.
I also found that unless your team captures objectives and wins AV, you don't get very much experience at all.
Spending an hour playing 2 or 3 Alterac Valley's, not winning any, and walking away with maybe 50,000 XP really sucks.
Especially compared to the 3 or 4 quests at 23k each I could turn in during that time, in addition to the NPC kills I would have been making 500XP each from.
It was a lot of fun in AV, launching 5 arcane barrages followed up by 5 fire blasts taking down people left and right.
Blinking into a big group and AOE'ing the heck out of them causing a panic.
But for now AV just doesn't seem to be worth it.
Although I probably still will play 1 a night, just for fun and some honor points

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