Most of the stuff from there certainly isn't required except as twink gear anyway and maybe a few weapons. I am flat out finding a spot on my toons for a GS hp item let alone anything else anyway.
Being forced to run it for a chance at +3 tomes was a nice time filler when there was NO other content. Can't tell you how often I got shafted on 20/40/60/80 runs trying for that +3 tome because that is "earning" it.
Maybe its time to rember that shroud is not really end game content and keep it in perpsective. It provides useful (non weapon stuff) and good weapon stuff that is usable at a low level but there is other stuff out there that is much better in slot (weapons are good at all levels though)