I disagree. I think these things keep the playlists active.
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If your playlist can't attract players without locking specific content behind it then maybe there's something wrong with the playlist. And [i]maybe[/i] if you're making people feel like they're being lured into playing a mode then you're just making the experience worse for everyone involved. But hey, who gives a shit I guess.
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I disagree. Raids for example. With max power not being tied to raiding anymore if there was no raid loot or exotics would people do the raid 100x? Likely not.
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It's my understanding that the large majority of people don't raid anyway so loot isn't enough to make that content worth doing for most players.