Agreed 100%!
I like to run the arena! It's challenging, aesthetically pleasing, and required communication among your party. I'd run the arena all day if I could, however I can't because of the fact that I can't afford to spend all my in game/IRL cash to farm something that will never return even the slightest profit. A lot of people I knew from elite/pve guilds were looking forward to the arena as it would give them something to farm again, seeing as elites are dead atm (another problem Imo). But, 90% of elite runners just sit around or lol@pvp now because arena has no plausible loot to farm for.