According to the latest blue posts, Valor points will be getting downgraded to justice points in 5.2, meaning that you'll have to get shiny new Valor points to buy the new gear.
There is a very serious problem with this, philosophically, which is that Justice Points are utterly worthless.
For anyone who has run a significant amount of LFR, or built up an epic set via reputations (or more likely, both,) it's likely that most players have replaced their blue gear, or at least they have replaced anything below a 463, heroic 5-man level blue piece.
Justice Points are only used to purchase 458 blues. In the post 5.1 world, JP got a little more relevant by allowing you to do a one-time upgrade on blue pieces to raise them 8 iLevels. It did not do much for them, because JP could only be used to upgrade blue pieces, and once you started decking yourself in epics, JP lost any use whatsoever.
In Cataclysm, Valor was downgraded to Justice every raid tier, but this corresponded with a downgrade in cost for the previous tier's Valor gear. Thus, if you had 2000 VP, and you didn't quite make it before the downgrade, there was no problem, because that VP would become JP, and the 2200 VP item you wanted to buy would now cost 2200 JP.
But current valor gear is not getting downgraded in cost. Thus, players who do not jump to buy their 5.0 or 5.1 VP gear are going to now lose progress toward those items.
The whole point of the VP/JP dichotomy was to have a "current" currency to correspond with "current" gear, and to have an "old" currency for "old" gear.
If these changes go live, our VP will become "old" currency, but the actual old gear will remain with a "current," if discounted price.
There are two options here. One is to not downgrade the currency and effectively create a single-currency system. The other is to downgrade 5.0 and 5.1 gear to JP.
As it stands, the only thing that this will accomplish is to set people back from goals they were approaching.
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