Note: I know that it might not be finished yet but the current Beta Build is very concerning.
1. There are now 60 levels instead of 20 per virtue.
2. You now receive a passive bonus for every virtue that is not equipped, meaning you might want to level every single Virtue to the maximum level to get its passive bonus. It might not be much of a bonus but it is a bonus regardless.
3. There is a new virtue (Wit) that will be Level 0 at the beginning.
4. You only get 1000 Virtue XP per deed and at a certain point you need more than 1000 XP per virtue per level which means you need more than 1 Deed per Virtue Level.
5. I'm pretty sure there aren't even enough Deeds in the game to get all 21 Virtues to Level 60 from Level 0 if you're a new player.
The new Virtue System doesn't even address the most relevant point in my opinion. Why are Virtues not Account-Wide? Does anyone really think that people will do the entire Deed Log for maximum virtues on multiple chars? This has always been the argument why people disliked doing Virtues. I don't have a problem doing virtues once ... but once per character is unfun.
All of this combined and we've got the single most grindy system that has ever existed in this game, forget about LI Scroll of Empowerment Grind, that is nothing compared to this.