I have tried it a few times. It's good if you're new to the game. Otherwise not so much. I found I leveled slower by using it, as it's suggesting to take the longest possible route usually. Basically following roads everytime, when you could take an easy shortcut. Especially if the shortcut involves a bit of fall damage, it's out of question. The "go here" spots don't also update if you take a shortcut, and then the waypoint arrow points to wrong direction. But perhaps it has been updated since then.
/way commands like /way Shadowmoon Valley:Draenor 50.0 31.2 Ashlei don't work correctly. According to the way TomTom works, this waypoint should be created in Draenor's Shadowmoon Valley. Instead, it will be created in Outland's Shadowmoon Valley. So it seems there is currently no way to distinguish between zones that occur more than once with the same name, such as Shadowmoon Valley or Nagrand.
The world quests aren’t necessarily bad, but they aren’t good either. I wouldn’t mind killing five of a type of monster or fighting one particular boss a few times, but after seven or eight, it starts to wear pretty thin. But going from levels in the mid-20s can take nearly 30,000 AP, so you’ll need more than world quests if you want to get your heart up in a reasonable time.