At least for me, seeing each classes average dps on it's own isn't that interesting. It would be cool to pair it up with an armory crawler though. See how dps would break down for (just an example);
Rogues with:
*T5 ilevels
* Various specs
* Pala buffs
* Druid buffs
* Enchantment shaman contribution to damage
T4 vs T5 vs T6 ilevles etc.
It would be higly academic and not really all that useful, but I'm a sucker for usless statistics like this

.
On a more useful note, one could probably figure out, statistically, what specs benefit other classes the most, when or if there's a "breakpoint of usefull" etc.
One could also probably proove quite a lot of the more uncertain theorycraft experiments and possibly have enough data to figure out things uncertain but still pretty much belived to be figured out anyway (possibly) for stuff like 1roll vs 2roll etc.
The amount of data could easily become quite overwhelming though.