I think a lot of the player made agreements on rotating some high end targets like we see now, and recently proposed will probably make for an overall healthier, and more enjoyable raiding experience for a lot of players. And I don't think you have to completely rid all competition.
I can only speak for myself, but what I enjoy most about raiding is more the adventure working together with your friends killing a mystical creature. And I think in many ways, some of the smaller guilds are just looking for that experience with some higher end targets that have been increasingly more difficult to achieve due to many variables and mechanics.
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