@teh_ninjaneer I would not say its a bad way to play but it is a costly one. I my self was doing this a few days ago. I was doing tools gear gathering and refining but it just took me so long to do all of it. So I manage my time into guild stuff and personal stuff. For example if I want to make a tome (which I am not a dedicated crafter for) I would go out and get the stuff my self. This can cost a lot of money so I have been trying to make money of my farming which has been ok so far and making ends meet. What I am saying is try and take care of your self first (eg with the farming to make some money) then you wont have to be worrying about it. I have been selling mats because I simply cant make a living without it, and when you are doing stuff that you are not dedicated to do you can still do it. And once I made some money I was able to afford to by some other mats.
As it has been said before in the long term no one will want for anything, and no one will do any unwanted grinding.
On another note I get what you are saying with the quote, and one reason for it might be is that this is going to be a free to play game, and they are trying to encourage people to buy gold or buy the premium. (they need to make money somehow). With the part about it being work I think what they are going for is to make a scene of achievement in the game, for example when I spent ages trying to build my windmill I was so happy when I finally did it, but I understand to everyone is like this.
Another thing with the value of stuff. The point of the game is for a play driven economy and for that to be fulling in swing it will take a while some parts of it will take longer than others. For example at the start of the alpha I could sell t2 logs for 20 silver each now I can only sell them for 5 :/. I think on release it will be different after a few months, when peoples feeling towards items silver have changed.
We can only wait, watch and see how it goes.
On a personal note. I have found the game really enjoyable and all the grind I have done I have not minded. If I feel it gets a little to much of a grind, i might put the tv on and watch a movie while I chop some trees, which has made it a lot less bad.