Originally Posted by Dorlog
Another possibility is that the added transmute is blue gem -> epic gem. instead of epic color A -> epic color B.
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That's what I expect, yes. Alchemists already have Gem Transmutes. Earthstorm and Skyfire Diamonds. Those are being made out of several cheaper green gems and yield a blue gem. So if that is actually continued, then we would have to expect blue gems to epic gems transmutes.
This would stabilize or even raise the price on (supposedly) all blue gems but due to fact that the transmute can't be done more than once a day per alchemist, it wouldn't flood or devaluate the market for epic gems. This would then create epic gems for all, however at a probably quite high price. Never the less, it would create further gear progression. Which I guess would be a win - win for everyone. JC's get more work and if they aren't in T6 content, new recipies. Alchemy gets its value heightened a bit (though no personal bonus so you might just keep it on an alt) and everyone gets access to the epic gems which up until now, aren't really well available if your realm doesn't have a truckload of Illidan killing guilds. And even then, there might not be a single Crimson Spinel in the AH anyway.
Doesn't sound too unprobable to me. However, just the unlinking of the "global transmute cooldown" into 3 different parts is step long overdue.
I was an Alchemist ever since TBC, by the way, and just a few weeks ago I dropped it in favor of Enchanting as this provides far more personal gain with the ring enchants than the ability to chug Mad Alchemist's Potions. I have moved the profession to an alt though as I want to be able to build myself Mana Pots whenever I need them. (Curse of being a Shadow Priest)