Thats basically all you do. It's was fun. I had an entire goblin killing death squad with me with I did it. We would literally walks from one end of the bay to the Baron and ad kill so manty guards that the server would slowdown and stop respawning for 5 minutes. During that time we would assassinate every NPC in the town.
The pitty is that it's now going to be impossible to wreck your reputation and build it back up since back when the level limit was 60 you had two repeatable quests that gave 150/75/75 goblin rep per completion.