The community feels the IP system as it stands is harming the game
The fact that you need 8418 hours of consecutive (without breaks or q time) to earn everything without spending real money is, to be frank, disgusting. The amount of pure content added to the game has both made the ip prices of things too much and made ip gains FAR too little, especially for newer players. As of right now there is a thread linked in this post to reddit with 1677 upvotes in 11 hours. Thats 153 people an hour intentionally logging into the site to tell you this is unacceptable. This isn't even the first time something like this has come been posted and recieved large attention, it is however the first time that the numbers have been done to the exact. 996,855 IP to unlock everything. 350 days worth of the players lives.
To get rid of the elephant in the room, lets look at this from a business perspective. Happy players spend more, especially when they are waiting to get, say, a skin for a champion they don't own yet. They want that skin so they arent gonna spend the rp they buy on the champion, they are gonna wait until they can finally unlock it to spend the money on rp. Obviously I don't have exact numbers on how many people do this but I would assume most. The simple fact that it does happen should be a red flag that the income being made is also hurt by this.
If I am wrong on this I implore a rioter to tell me why, or to answer on reddit, because as it stands people are extremely unhappy with the current system and not only its unfairness to long term players but new players as well.
edit: I am going to include @Meddler because if I understand the boards correctly it will notify him of this post, I just want any form of riot response so I understand where they stand on this.