Wow, so many replies. I posted this originally with a transmogging view point for people like myself who are out there planning ahead and gathering gear for appearances, but it seems to have spurred a much broader discussion
Anyways, I don't care in the slightest that they are taking away the melee weapons / "stat sticks" from the various classes out there. With regards to my Hunter, I'll be fine with it as long as they buff the hell out of the stats on ranged weapons to compensate for not having one, and also provide enchants (or scopes if they continue to go with the Engineering route for ranged weapon enhancements) that are comparable to the 2 Handed Enchants we have used in the past and will lose access to.
As far as my cloth casters go, I'm actually excited about Wands becoming 1 Handers. Again, I hope they buff the stats to be comparable to other 1 Handers and allow them to be enchanted / enhanced, but I mainly like the idea that wands will actually be displayable full time instead of those rare times casters actually use the "shoot" ability. And, since I have at least one of every profession maxed out at this point, I'm hoping that Wands becoming 1 Handers means Enchanting will finally get new craftable Wands, especially at the top end of things.