As you can see in this picture, you can stand here and gank everyone nearby since the guards won't/can't come after you, and if they attack back they get killed by guards, I found it really fun and I hope you will find it as a nice gank spot too.
PS: You cannot get feared of it unless you run off of it.
On red circles is where I stood, and even though being a druid i had the slow fall cape from revered with sha'tari skyguard, and i ran down the red arrow path, jumped off and used cape (Some noobs even jumped after me xD hillarious).