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I made this list in the last weeks (literally) before they released the new rules that (in my oponion) destroyed the effectiveness of skirmishers and fast cavalry. I liked the list, and played with it a great deal, but after the ridiculous outcome of the rules change, it's been collecting dust and sitting unfinished. It was intended to be a 1500-2000 point list consisting of:
[2x] 12 Dryads
[2x] 8 Glade Riders
[1x] 5 Wild Riders
3 Warhawk Riders
 Lv2 Spellsingers on steeds
my tactic was to have the symetrical units (glade riders, dryads) charge from the trees and engage the enemy pairs so that one got the flanks and the other kept the front. The mages normally cast 'The Shadow Host', and another has the 'Muster of Malevolents' so that they can make almost the entire army cause fear.
But alas, i am considering selling this army to further interests elsewhere in the hobby.
Your casters don't have access to those spells anymore. The one thing with the Wood Elf list as it is now is that the Magic is pretty weak. The Lore of Athel Loren is mainly complemenatry magic so can be hard to get spells off. Most people just try to get as much Treesinging as possible. But the casters are still good for magic defence.
To answer your question; yes it it worth holding on to. Your tactics may have to change slightly but you do have the start of a very good list.
Mirage Arcana Podcast
The "A Smart Player Will..." theory is a complete paradox. If we make an assumption that everything we do is outsmarted, then theoretically we can never win.
Agreed, it is highly annoying that my skirmishers can get march blocked now but they still can cross difficult terrain without penalty, -1 to hit on missiles, and the best part is the mobility is still there in that you can still charge from any direction and take a charge from any direction. This can be great for giving your guys multiple options for charging (confuse enemy and make them choose between who will die) and harder to be overwhelmed.
You list is still doable by far, you just have to make sure you go about things correctly. :C
Armies: Wood Elves, High Elves
Warbands Campaign 07: 1st
San Antonio Alamo GT
I have to say, I'm curious as to why you think skirmishers and fast cav are so impotent in 7th edition.
The list you've got looks solid to me, and honestly looks a lot like lists that I have had a good deal of success with. This could easily turn into a very successful list for you.