I consider myself a purist in that I would prefer classic to be released as close as possible to the original. Where that is on the spectrum of patch content will be up to blizz. I'm also not vane enough to believe that any single state of the game is the "Ideal" location we should be aiming for. There is common ground that we can agree on, and I would welcome more than a few changes as long as they are made in the spirit of keeping classic on the vanilla rails.
Each battle that you win will yield experience for each pet that participated. However, deceased companions will not receive any experience (so make an effort to keep them alive by swaping in a different pet). Experience gains are based on your pet's level compared to the wild pet. Defeating a higher level opponent will grant more experience than a much lower level one, but be ready for a tough fight!
Some even more advanced gold makers might also attempt to monopolize the market. It’s fairly easy if you have quite a bit of gold – just buy out every single item on which you want to have a monopoly on and then reintroduce it to the auction house with your new (and higher) price. However, it’s worth mentioning that monopolization tactic is risky business practice. But where’s high risk – there’s high profit.
Unlocking the Lightforged will require you to complete the aforementioned Argus storylines and earn the “You Are Now Prepared” achievement. In addition, you’ll have to earn Exalted status with the Army of Light. As with the Argussian Reach, this one could take a couple of weeks, as it is time-gated. However, the main story quests should help you at least reach Friendly status with the Army of Light.