As a VIP player, I say no thank you. While VIP perks really need a bump up:
Extra toons: meh.
Open packs three days to a week before everyone else: would be cool if I knew enough other VIPs to do this.
Open elite: pretty nice
Talk to a GM anytime: yeah whatever, good luck with that one.
Get all packs as they come out: very cool, oh wait I can't buy them with my "free" TP.
500 TP per month: The only real perk to being a VIP.
I might be forgeting a couple "perks" but still the list is fairly weak.
That being said I do not like the idea that VIPs can raid 2 or more time as much as non-VIPs, it would not break the game but it would cause other problems within DDO.