This is a question, not a statement, but the following comment from the official 5.4 summary says:
The Ethereals who offer Item Upgrades are sticking around, so you’ll still be able to spend your Valor on upgrading your existing gear.
http://us.battle.net/wow/en/blog/10702332
Does that mean new gear wont be able to be valor upgraded ?
Any links to existing info would be good.
Thanks.