It now gives 50 Reputation every 150 Points, so 500 per game. This means a completely new character would be done after 84 victory without any losses. Seems a bit, very fast to me. Altough it's far closer to AV now than it was in the past.
Meanwhile Warsong Gulch gives 35 honor per flag after the 10% guild bonus was removed and without battleground holidays now is slower than ever. Oh well.