I've actually been having fun with the hunt system. There is a small element of old school EQ identifying and racing to mobs before the other guy to it; and if you are doing it at off hours with a small group, and not alerting God, Corp and Country when they spawn, it isn't too bad. Hell, this morning in 30 minutes we whacked 4 or 5 B mobs, not a bad return on time investment; they were just sitting there. Also a chance to BS with folks, just like back in the day, instead of constant button mashing.
Doing it at peak hours, though? Especially on Gilgamesh with the Steak Theory horde? That's a goddamn nightmare. Unless you have a badass group within the horde and are getting credit on every kill. Then it is something else entirely. I stick with the small groups though, more my speed, I tried the horde and it was more of a pain in the ass than it was worth.
Just my opinion on it from a much more casual perspective.