No, it's an awesome patch for PLAYERS.
You know, people who enjoy PLAYING the game for what it is.
Unlike you, who is only WORKING here on achieving better stats. For you, this game is all about excel sheet numbers. I would pity you, if I had compassion for people like you, which I don't. Any number increasing game is good for you, I don't even know why you bother playing Warband - there are many better number-increasing excel sheet games out there. Lineage, etc.
In short, if playing feels pointless to you when rewards are completely removed, you failed.
Please stop ranting on human having other ways of having fun than you. Especially in such a rude way.
There are two things strange about your post :
1) You seem to think working has to be burdensome and boring. Maybe you don't like your work in RL and you think it's the same for everyone ?
2) Having a goal and trying to acheive it doesn't mean it's less fun, it's kind of the opposite. What life would be if you could get everything you wanted without any effort ? That's why people do music, sports... and spend enormous amount of time practicing. Both practicing and acheiving your goals are fun.