Will people complete Hytbold now? Yes, but not many. Hytbold does have a fair amount of TP available for the doing of it, namely in the final parts of rep for the eastern Rohan factions.
Are you crazy for thinking it is unlikely to be done? Not at all. It is a rather large amount of time to get it all done, even if each individual day's effort is not terribly long. Maybe for some classes, the armour might still be worth getting. My Guardian thinks the Warrior's Heart set buff is hilarious and awesome right now. Then again, the Guardian hasn't done a single day of Hytbold quests. My Champion bought his armour for him. I am also considering doing just enough quests with the Guardian to get the Sutcroft's rep up to get the Return to Snowbourn skill, but I have a feeling I couldn't let it stop there, so I've put it off.
Do I want to log in and do the same quests I've done on my Champion with my Guardian for over a month? Not really. I have a feeling most, the vast majority, feel that way as well.
Bruuwnor, Dwarf Champion of Arkenstone, Pipeweed and Ale