So, the next time Doofus here gives someone an item via Master Looter by accident, there will no longer be the need to ticket a GM to get the item switched to the correct character. The key wording here of course is the 'players that were eligible to loot this item', which presumably means 'players that were inside the instance when the boss died'. This has been done clearly as a way to reduce GM workload.
- BIND_TRADE_TIME_REMAINING = "You may trade this item with players that were also eligible to loot this item for the next %s."; -- Time remaining to trade a bound item. Example: You may trade this item with players that were eligible to loot this item for the next 1 hour 30 minutes.
So, there's no longer the need to trail lowly alts around Dungeons: leave them at the entrance, kill all the bosses and then trade them all the relevant loot at the end. Clothies with a DE skill who can't do solo work can hire themselves out as Instance DE-rs, standing inside instances while OP-d DK's and Druids clear the place and pass the boss items on for destruction. The 5 man L80 Fun Guild Run to Kara can take 5 L70 alts who can all go AFK and surf Facebook while their friends go do the hard work for them. The selfish GM can take 24 overpowered people to Naxx and park his or her just-dinged alt on the second account next to Mr Bigglesworth and make sure they pick up all the gear they need without actually having to run the instance... the possibilities are endless. I am sure there are far cleverer minds than mine already thinking about how this can be exploited.
It's a great idea, don't get me wrong, I just hope Blizzard have considered that making GM's lives easier could also have some less than savoury consequences.