Very much yes. All the gold armor in Zandalar will look great on my Chadalari Paladin mon.
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That's the thing. With the new allied races, they're already implementing them so they already have to choose the available classes.
Night Elves would have to have them added actively, which actually might happen somewhere down the line, where we get new classes for existing races, but probably not at the same time as we get allied races.