It may have been changed since the last patch, but the reward track now makes explicit that one needs to complete the deed "Seeker of Deep Places." You don't have to finish all of Moria, just the introductory quests to open it. Not that big a deal, imho. YMMV, as always.
I did the intro for Moria, quested through nearly all of Eregion and not even a level of ixp. It seems to me that not only "Seeker of Deep Places" is required but also questing in Moria and beyond. Since missions were added later they might also give ixp.
No big deal if they wouldn't put fluff at the end of the LI reward track. I can do without the traceries since a new track will come after this one but the donkey and hobbit dance are another story. In the limited time I have I'm basically told to play characters in higher level areas and forget Eriador (accept Enedwaith and Dunland). At this time I'm just at lvl 5 thanks to a few missions I did on my 130 LM.