Was that the amazing new system?

in the Blackrock specific stream of ideas about improving the server, malaco stated that transmog gear wont be the central figure of the new reward system he has in his mind.. and yet it is after all? IS this the system you talked about? not only players have to gain the rating, but farm the honor for every single transmog.. Is the transmog token going to be the only thing in the rewards vendor? what kind of new rewards do you have in mind for us? Are we having them any time soon?
Are we actually going to have actually new system with new stuff to obtain or is it going to be a system with new ways to obtain old stuff?