This was the immediate impression I got from the notes. It's fairly ambiguous phrasing but I would pump the brakes on getting overly excited about rerolling for endless shots at an epic.
Only complete morons said that. The real shame though is the people out lying claiming they spoke for the twink community and asking for blizzard to separate for their own selfish reasons aren’t fitter ostracized.
As others have said, I suspect it won't be a way to retry for upgrades, mostly as it could warp next xpac's first raid tier, especially some of the multi-socket gear from bc and wrath questing. Three sockets plus socket bonus could make up for the low ilevel. This plus certain high secondary stat items could hurt the first tier of the next xpac, so I wouldn't be surprised if we get satchels for gear.