Exactly, and currently it's good money selling bars, but if we are thinking in the long-run then bars will slowly decrease in price as the server sees more growth and more people mining/supplying. Yes there will be more people smithing, but I don't think it increases at a 1:1 ratio. More people somehow brings down the prices because more people smelting + mining outweighs more people just smithing (which they mostly only do to 99 anyway for that max goal).
So it would be nice to have some consistent money for now and in the future!
Nail on the head pretty much. Still really want this update!