I'm not a fan of everything no drop, it definitely diminishes the feeling of accomplishment of getting higher end items. Luckily with instances, you can typically ignore the ignorant people and not worry about fighting a farmer for a spawn so for me it wouldn't change much.
Personally, it is far more fun seeing what you can beat on your own with smaller forces then people believe are "needed." Buying your gear never quite feels the same as earning it, to each their own