One update: We will be doing away with the requirement that you remain VIP in order to summon/use the trail or mount, once you've acquired it, it's yours.
A nice turnaround, but still needs some tweaking if you want to get anyone that was on the fence or unsubbed and wants to want to sub again. Everyone else doesn't care about any of this and is going to vip already. You could literally scrap this entire program and replace it with nothing and the amount of people that were going to vip would change by like....5. Some ultra low amount of people that might vip just for the cloud.
1 - The small bags of holding are bad. Omnispell, ethereal rest shrine, flawless dragonshard, glamerdust, mirror of glamering are all worthless. Omnidust people might use as a joke instead of just throwing it away. Please replace these with...SOMEthing of roughly the same value as the raid bypass timers. What about a new item that resets your gold roll? Could get 10 of those or something. Smaller xp pots like 20%, something people might actually use.
2 - Any permanent boosts should be given from the very start of vip, not doled out over 12 months: Shared bank, character slots, 10% durability (also make better or replace this), crafting boost, loot boost. Then, fill in the other months with an (improved) small bag and/or better stuff as well. Maybe instead of having people choose from items that cost ~150 pts, just give us another 150 pts/month...
3 - As evidenced by all of the confusion from the way this system works, is this 12-month npc turn in the only way it can be done? Can't just give it to us? It should also give you EVERYTHING right away if you sign up for 3, 6, or 12 months.
Still think most of these rewards are very bad. Maybe if the 1% loot bumped up to 2, AND/or a little more XP. Even if it's another 5% to vip, or another +1% buddy boost or something. But also all of the little bits would have to be given up front, not spread out over 12 long months.
Additional Suggestion
4 - VIP jr.: Half price and not include the adventure packs, just stuff that helps with questing (xp, saga skip).