With Patch 5.0.4 on August 28/29th EU
Valor points will be converted to Justice points, and Conquest points will be converted to Honor points.
- At this time, you will not be able to earn Justice points or Honor points if the conversion puts your total above the cap of 4000 per type.
Approximately two weeks after Patch 5.0.4
- All Justice and Honor points that exceed the 4000 point caps will be converted to gold at the rate of 35 silver per Honor point and 47 silver per Justice point.
- The cap of 4000 points per type will remain in-effect.
In effect this means that if you are above 4k on ANY form of currency come next week, running any kind of dungeon or raid boss is pointless for.. er... points. You are being forced to spend your currency if you don't want any kind of group activity to be a waste. The key here of course is that you have a two week 'wait' before your points get converted to something useful if you no longer need gear or your AH is already flooded with enchanting mats. If you haven't yet bought any Heirloom Gear for your Panda, this may well be the time.
There's also been some important qualification on the state of Theramore post-Scenario:
As a role-player setting up events based around the battle for Theramore, I would like to know if Theramore in the game world will be destroyed when the patch hits, or if it will remain intact until the scenario is released. If anyone knows, I'd love to find out!
Similar to the way Molten Front works, the destruction of Theramore will be phased. So the city will remain in-tact when patch 5.0.4 is released. Once the scenario is unlocked you'll play through it and, upon receiving the achievement, you'll see the aftermath of the attack whenever visiting Theramore.
You'll also be able to repeat the scenario if you wish by speaking to a member of the bronze dragonflight.
Does this mean everyone who was sad about seeing it destroyed can choose to live in a world where it isn't destroyed?
No, the destruction will eventually be permanent whether or not a player earns the achievement for completing the scenario. This will likely take place in patch 5.1.
Oh, and I presume the Mage teleportation spells will continue to work as is, with the player simply appearing in the Theramore ruins?
We've updated the zone to incorporate the changes that'll take place to Theramore. You'll still be able to quest through the zone once it's permanently changed in 5.1.
I feel the permanent incorporation of 'destroyed' Theramore into the game world is significant. The fact that the questlines will be altered to accommodate it sends an interesting signal too, and makes me wonder what else may end up being 'changed' with such speed (in gaming world terms) in upcoming patches if lore events dictate the switch.
Now if you'll excuse me I'm off to add up the points totals on my various characters and work out how much gold I'll earn on P once the conversion goes through... :D