Alistar is literally the best jung that I've ever played with
Before you disregard him as valid, let's take a look at some facts:
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He doesn't need farm to be viable (His ult will provide PLENTY of capability to stay in fight long enough to CC everything to hell)
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If enemy is sitting under their tower, pop ult and go right in and get the first hit....guaranteed kill if your lane knows how to follow up.
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It's damn near impossible to escape his ganks - If you can get in and Q them into the air, then you have enough time to W them to your team. If not, you can easily W and immediately Q for a quick knock up and stun.
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Once you build into dead-mans plate (which is usually my 3rd item following boots and jungle item), you have enough speed to CONSTANTLY gank
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Points 1+4 make you a nightmare for the enemy team - you're just roaming most the time, popping ult to dive a tower and soak damage, then waiting for your team to come in and fuck them up
Because of this, I've been going 4/3/28 (or close to) in all these games. Your gold will come from constantly ganking. Please, Riot, don't EVER nerf Ali - if anything, you should give his passive the ability to damage jungle monsters....I think it's sad that you don't allow that.