Picking nits - it's closer to 98%. We always lose a few seconds (2 GCD) at the start of a fight.

That said, it makes the Glyph even less valuable, since there is less penalty for early refresh (zero penalty within the 3 second window). Those letting it fall off for long periods are as likely concerned with early refresh as simply being forgetful. Some group suffering up-time who would have been inclined toward the Glyph should have their 'problem' completely solved by this change.

For the average Ret it will produce no real discernable DPS increase. Over a 5 minute fight you'd use Inq 10 times. If you previously lost 3 seconds each time, that's 30 seconds saved or one Inq. That Inq would be transferred to a single TV over the course of the fight. Adding 1 TV to a fight's total damage will be fairly negligible. For those who were struggling with Inq, this will make it easier and allow them to focus on the rest of the job, thereby increasing their DPS.

OP updated for both changes.

PoJ, though weakened, retains a slight edge for PvE. 15% always and 25%+ for most of a fight (since we should commonly be sitting on 2 HP). It should average better than Long Arm's 45% for 3 out of (less than) 6 seconds (average 22.5%), without Long Arm's additional issue of fast/slow/fast/slow jerkiness (or some crazy Silence effect). On the parity level, the Druid talent was likewise nerfed, so we're not being unfairly discriminated.

SoT vs SoR redux.

SoT is 14% Weapon + Censure.
SoR is now 7% Weapon.

Calcs:Results:
SoR is winning at 3 targets, though the margin is getting rather narrow (less than 1000 damage) by 18 seconds.

GCD for seal swaps would likely be net loss for less than 4 or 5 targets. Transitions with dead time (boss unhittable and adds not yet spawned/in range) would be perfect times to burn GCD on seal swaps.

A much stronger weapon without barely any extra AP skews slightly towards SoR (since Censure doesn't benefit from weapon damage), but it's unlikely to every be significant enough to skew results to fewer targets for SoT, so bottom line should be correct for all levels of gearing.

Bottom Line: If you have no free GCD then stick with SoT unless you have 4+ targets that will live for 30ish seconds, chop off 5 seconds for each target above 5 (so 25 seconds for 5 targets, etc). If you have empty GCD while waiting for adds then swapping to SoR at 3 targets is a gain. Thus, in general, 3 targets is full AOE territory (SoR, HotR, DS).

Standard caveat - numbers crunched at present values of abilities. Things could always change (again) tomorrow.

New blue postings:
- Judgment is once again a melee attack that has a 30-yard range (and probably stacking Censure, will need further testing)
- Sanctity of Battle will be based on melee rather than on spell haste. Finally! They're waiting for a code change to add this.

Sources:
Beta Class Balance Analysis - Forums - World of Warcraft / Beta Class Balance Analysis - Forums - World of Warcraft

That should make Judgment also proc Battle Healer, other Seals, and spells and effects which work off Melee hits.

Also for thread completion, WoWDB.com lists several AP/SP scaling, including:
Exorcism with a 79.6% AP scaling
Word of Glory with a (3,904 + 37.7% SP) scaling (for Harsh Words glyph)
Judgment with a (702 + 63.5% SP) scaling
Hammer of Wrath with a (1838 + 161% SP) scaling
Templar's Verdict with 1,633 normalized 'bonus damage'

It's called Judgment since the first MoP beta build, so this is a false analogy. The Judgment change is not in but covered in several blue posts as a potential change for the next builds.

There was no new beta build since 2012-07-27: MMO-Champion - Mists of Pandaria Beta - Build 15913

I think it's safe to assume that we'll know how the professions will pan out at this point - despite data mining not be 100% clear on some of these items.

Jewelcrafting: 2x Bold Serpent's Eyes (+320 Strength)

Blacksmithing: 2x Sockets (+320 Strength OR +160 Strength/320 Secondary Stat)

Inscription: Secret Tiger Claw Inscription (+320 Strength)

Enchanting: 2x Enchant Ring - Greater Strength (+320 Strength)

Alchemy: Mixology/Alchemist's Flask (+320 Strength, the 3420 value on Wowhead is incorrect)

Leatherworking: Fur Lining - Strength Rank 3 (+330 Strength)

Tailoring: Swordguard Embroidery Rank 3 (+4000 AP/15 sec - 55 sec ICD) (Average: 1029 AP)

Engineering: Synapse Springs Mark II (+2940 Strength/10 sec - 60 sec CD) (Average: 490 Str)

Eliminating the flat +320 bonuses, we're left with Blacksmithing (due to the increase of secondary stats on hybrid gems), Leatherworking (+10 Strength), Tailoring, and Engineering.

As a reference, the bonuses of Synapse Springs and Swordguard Embroidery are both equal (490 Strength x 1.05 from Kings x 2AP/Str = 1029 AP). With the 4-piece bonus reducing Avenging Wrath to a 95 second cooldown, it will almost line up with every other SGE proc. Synapse Springs has the advantage of lining up perfectly with both Light's Hammer and Execution Sentence.

If the secondary stats on gems do not surpass the Strength trade-off, we can most likely assume that Engineering and Tailoring will be the professions of choice.

There was a Blue post in response to this:

This could mean that they are looking at all professions, just Blacksmithing, or they know nothing.

Yeah. He gave quick reasoning about it when I asked in this thread: RIP "Judgement" - Forums - World of Warcraft

In other news, HotR gets changed in build 15929:

I'm curious to see how the plan to deal with BS being so good. It only gives 2 sockets. It seems to be more of a JC/BS issue...again. Didn't this exist in Wrath? Or maybe more accurately a gemming/BS issue. Now with the change to secondary stat weights on hybrid gems this all of a sudden makes BS the issue?

And Phantoms beat me to the HotR change.

So, just now on beta i tested the new Judgment.

It does stack censure.
It does proc seals.
It does apply the Seal of Justice slow component.

And as far as i can tell, judgment does not proc the heal from Seal of Insight. I never played holy, so I'm not sure if this was ever the case anyway.

HotR is bugged also, its not hitting secondary targets at all. This was practically predictable when they made the change to 0 yd radius. I thought it to be only a tooltip error, but atm it is not. Certainly this will be changed.

parry confirmed, just had one from outside of melee range.