Not all VIP like cosmetics. Not all VIP want what's in the bags being offered. Etc. etc. There's nothing wrong with offering a bunch of different things that may appeal to various folks and some of which won't; the idea being the overall combined offerings appealing to as many people as possible.
Therein lies the rub, they will never be able to find that balance because the VIP player base is to varied. I for one couldn't care less about Reaper, Raids, or Cosmetics. I figure I have at least one mount so I don't need another (actually have 10 different ones now), but I would like bonus XP and some of the QoL things people have mentioned. YMMV. Others love cosmetics and the many different mounts.
In general, I'm not too upset with what they are offering us, but I am very unhappy with the required monthly check-ins. We know they have the teck in the game to auto deliver to the characters/accounts and we have, at the award time, already given them our money, the mandatory log in on their schedule and check-in with your
parole officer in-game contact is pure BS and the only reason I'm thinking about dropping my VIP. As I've stated, I've maintained a pay subscription, in one form or another, for 18 years, but this crap is perhaps one straw to many.