From the front page of Mmo-champion:
If every single player model will take months to make, we might not see them in the next expansion. But if they manage to do them in time, I'm pretty sure that we won't see a new race in the next expansion.Can you say anything about new character models? I'm sure you get asked this a lot. But even a maybe will make my day!
There is no maybe. It's happening. We just haven't announced when it will be done. The Pandaren model alone took months.
What do you think?