"if there is anything virtuous, lovely or of good report or praiseworthy, we seek after these things."
1) According to our own capstone Article of Faith, virtuous, lovely, good and praiseworthy things exist that we won't have or understand unless we actively seek for them.
2) This says clearly to me that the LDS Church does not have a monopoly on those things - that we have to seek after some of those things to find them.
I love that aspect of "pure Mormonism" - and remaining active in the Church while seeking truth from all sources is something that is very important to me. Some members think they are at odds, but as long as I can do both, there are no conflicts in my own life.
I believe that the ideal heart of one's journey in the LDS Church is getting to the point where there aren't personal conflicts between being actively involved in the Church and seeking virtuous, lovely, good and praiseworthy things outside the Church, as well. I also believe the journey can be individual and institutional - and that growth occurs best and most conprehemsively when such recognition exists at both levels.