Scenarios.....
I havent had a pve team(tank, healer, 3 dps) since wotlk. To me, this sounds very interesting and award valor!

The new LFR loot system will allow everyone to roll individually. The highest few rolls will win an item from the boss. Upon winning a roll, if the boss has an item that you can use, you will win it. If not, you will get some amount of gold. It will only be in LFR to begin with, but can be added to other parts of the game later.
My only question is that if you manage to win gear on one toon, is it still tradeable to another?