First off - yes the old FC mechanic was silly, and changes needed to be made. However, it doesn't mean that there are not issues with the new system, which have been discussed at length here. However, I have not really seen this specific topic discussed much.
Essentially, FC's helped lower populations remain competitive by allowing them to churn what limited numbers they have against the superior numbers. My play time on Thorn NA is the tail end of prime time and later into the evening. At this time, DC is almost always 1-2 bars lower than AD and EP. This leads to us getting our skulls caved in repeatedly. Almost every night by around 2 AM EST, DC owns literally nothing.
This is because using their superior numbers, AD nails Glade and Rayles. We either have to give one up to properly defend the other, or split our forces to defend both - neither of these work because we're outnumbered 2:1. Sensing the opportunity, EP hits Warden and takes the other scroll. This is not AD/EP teaming up, as some like to complain, but simply them taking advantage of the situation. It doesn't mean it's fun for us. I don't really care about the scoreboard, I just want to have fun. Being outnumbered 4:1 every fight is not fun.
I "defended" one scroll against EP last night and it was about 40 against 5. Judging from zone chat, it was a similar situation at the other scroll against AD. People had already logged and given up by then. No FC's means no way to churn limited numbers, and means constantly getting your butt kicked. The current system supports picking on the lowest population faction.
Heder - V14 DK, Thornblade NA
Schrecken - V11 NB, Thornblade NA
The Undead Lords