What I'm reading here:
1) We still get more transmog options than we've ever had.
2) We won't need to store so much stuff.
3) It may not be realistic for most of us to ever collect every appearance in the history of WoW.
I'm ok with all of this. Each of my favorite toons already has a signature appearance worked out. I only rarely tweak things. And I'm excited about emptying out my banks, bags, and voids.