For everyone who is saying it's a requirement to do dailies: It's not. It's faster to earn valor that way, yes, but it's not required. You can still earn valor by doing heroics, scenarios, and raiding. Slower, but again, not required.
The only problem with this is that you still need to be revered in order to buy anything with these valor points... So yeah, for a while, dailies are a must unless you're willing to jump into raids with only LFR/Heroics gear, which any serious raider would try to avoid.
I'm done with the rep grind and I love the new commendations that you can buy now in order to expedite the process on your alts - should make it easier for anyone who wants a 2nd or 3rd raiding toon to jump into action.