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When I read the OPs mention of LFG, I took it another way. I was thinking it referred to more of a way to show you are lfg or that your group is lfm, kind of like every other game has lol. It would be nice to be able to do a search and see what levels are lfg, then message them if they want a group.
Like how it is in EQ1 or even ffxiv (not the instant dungeon one, but just the group forming one). I know it is nice in EQ when I'm playing on a progression server and just have /lfg on, doing my own thing until I get a tell for a group. I was always surprised WoW never had something like that (that I remember).