They don't want you to be able to gear up someone you aren't playing, so things like Justice/Valor and Honor/Conquest are off the cards. I'd love to see other stuff account-wide though. Ironpaw, Crusader, World Tree, Coins, all that jazz.
I'm not sure if I am for or against that. Considering the cost of some of those things (particularly World Tree and Crusader), that'd be a great idea. But then it just encourages that, in order for you to get what you want and fast, that you have to have multiple toons doing the dailies or what have you to get what you want.
EDIT: less than 50 posts to 20k, time for new OT? I have the post ready to go..