Unless it got changed, Hit also increases your effective crit rate because crits are calculated for ALL of your swings regardless if they get dodged/parried/hit or miss.
If needed I can try and dig up a(n old) post that had a Blue explain this.
If you consider this, how much better does it make Hit?
EDIT: Might as well link the Blue before someone questions my source:
http://forums.wow-europe.com/thread....14551513&sid=1