It was nice to have something to do with the excess materials. It wasn't great but it beat getting nothing for Mats you no longer needed. I have 220 Spirit bloom accumulated during bounty runs and currently have nothing to spend it on. I'm more upset by the fact that they completely left the removal of this feature out of the patch notes. They tried to hide the fact that they were doing it. I've quit several MMO's for repeatedly doing that. It's not fair to your user base.
The real solution is to open up a player-driven market like the other massively multi-player games all have. But I would even settle for being able to dismantle the stuff into glimmer.
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True, those that like farming could sell our stock for marks to other players keeping both sides alive and well.