Usually, when I have a few minutes free at work, I spend them reading things online. Sometimes, I get stuck with an awkward block of time and I indulge in a bit of Skyrim. One thing that I enjoy is that one sometimes finds a tumble of stones or the remains of a shack, and sometimes there will be loot -- a few gold, a book. It usually isn't game changing, but it is a nice reward for exploring.
The Lost and Found accomplishment for MoP gives something of the same feeling for me. Sometimes one just finds interesting vendor trash, but sometimes there is BoA loot that can provide a mild, but handy, boost for alts. I hadn't paid much attention to it before I got the Bloodsoaked Chitin Fragment on my druid.
Since my Troll Warrior is on a completely different account from most of my 90s, I've been finding the iL450 gear handy. Sure, it will get replaced quickly enough, but it is BoA and can be used at level 86 (lower iLevel stuff can be used at 85). Not a bad deal. Some of the models aren't bad either; I'm rather fond of the Swarming Cleaver of Ka'roz.
Was I just stumbling around in my now usual Pink induced fog, or is this kind of a nice feature that has been overlooked in the iLevel race?