An LGoMF would actually whet my appetite for this release.
I think it should be policy that every relatively major new content release should have at least 1 showcase item for the appeasement of the playerbase. Like, "Wow! I REALLY want that item!" (I said new content so technically this revamp of chrono doesn't count... but for future reference).
And what are you doing once you have those items? Look at them in your inventory screen? Appeasement of the playerbase sounds relly weird. Isn't content meant to be played first and foremost? Interesting mechanics and story are much more important for that. It's not like the game is so hard that more powerful items are really needed.
If anything items with interesting new mechanics or cool looking visuals would be much better. Not just stat-bloat.
I can tell you, I will not go through a raid like this just for a +x to my stats. How boring is that.