Rayan,
Not sure how big your campus network is, but I would object to having the same VLAN across all my access-layer switches, particularly when you have a controller architecture that gives you the opprunity to control you traffic centrally.
AFAIK, REAP AP's still count as 1 full license count, unless Cisco decides to change that based on how it would tax the WLAN controller(s) - I just don't see how that can be enforceable since the same AP can be Locally or Centrally bridged.
Once faster b/w becomes the norm, it is still possible to keep an overlay architecture for easier management (no need manage wireless VLANs on every closet w/AP's, easier to re-configure AP's centrally, less dependencies on the wired infrastructure), security (you know where the payload always comes from vs. having to determine which AP it is on). The scalability would just be a function of the controller (either add more controllers, or use a more beefed-up controller - a better choice given the benefits of the centralized control).
Just my 2-cents; I know some Cisco SE's think using H-REAP on a campus network is a cool idea; I just haven't been sold on the benefits.