We are starting to see pick up raids form for current content even though the next tier of gear hasn't been released yet. In that light or world of Warcraft, progression appears to be on track.
On the subject of progression, in 4.1 Valor Points should become more rapidly accessible too. As more players acquire gear of high ilevel, and as average gear levels rise as a result, it will be easier to find effective pick up raiding groups.
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