The problem I have with this system is the 1000 point/week valor cap. At 15 slots, 16 if you dual wield/offhand, to fully upgrade everything would take between 22.5 and 24 weeks. In other words - 6 months (or just shy of it) capping Valor every single week. There would be at least one new tier out before you'd finish. In the current state, it's designed to keep you chained to the game, since you'd never be able to have the absolute best gear in a reasonable time frame.
So hopefully some adjustments go out in either the cost of upgrading, or with the valor cap to fix it, since it's horribly abusive as is. (Maybe fine for the one year spans of no new content before an expansion though, lol)