Wow, so many drama queens in this threat it's kind of funny!! =D
WoW is certainly not dead. People need to stop saying this ignorant statement. Is WoW dying? That remains to be seen. Cataclysm was the most lackluster expansion they have released for the game so far, despite the massive overhaul of content. The problem was it was directed at the wrong end of the playerbase, and raids were balanced for the wrong end of the playerbase. As much as the leveling experience sucked, it was a very bad idea to put so much work into content under max level. The problem is that most people are going to level one alt to see the new stuff, and then be done with it and want more shit to do. The problem was that so much development time went into new shiny low level content that they had their hands tied with how much end game they could push out this expansion. They will not make the same mistake with MoP as they did with Cata.
Also, the raid finder is certainly not going to be a flop, as so many of you claim. Was LFD a flop? 98% (bullshit statistic) of LFD runs go smoothly. And sorry, but smoothly does not mean that you finished in 20 minutes and no one died. If you carry that over into LFR, and expect no one to die and to one shot every boss, you're stupid. Blizzard is not going to design content where you can literally walk in, steamroll everything in one shot with a group of strangers, some of which are probably fairly new to raiding. That would be a horrible design. They will tune the LFR difficulty for lesser experienced players, and it'll be perfect for the tool if people who are going to rage and freak out over a wipe in a raid don't use it and say it's broken, because those people are cancerous, and it will be good for them to stay out of the raid finder tool. Runs would be a lot more successful if people had patience and understanding that you aren't supposed to one shot everything.
The major problem with subscriptions is that these quarterly reports don't actually show a live representation of what the subscriber base is doing. They can't show that 4.2 gained 500k+ subs (anecdotal), but after two months the content was consumed so people started unsubbing until 4.3. They don't show that in the quarterly reports. All they show is what they have at this moment. It makes sense that Blizzard lost that many subs in China, it is still competition and they tend to prefer much more grindy games, and consume content faster than we do in many cases. The Chinese playerbase will fly through content, and unlike here, their preferred flavor of MMO's are readily available when Blizzard doesn't deliver content fast enough for them.
Also, I think that it's fairly humorous that there is such an uprising to bring back WotLK, when there were endless threads on this exact same forum claiming WotLK was the worst expansion ever and murdered WoW. Just a little anecdote about how you people twist things so you have something to complain about.
That being said, the game will be fine. They have one major source of revenue funding the development of 4 games right now. This is eating up A LOT of development time. Blizzard is in full swing developing D3, Titan and expansions for WoW and SC 2, so once a couple of those bites are off the plate in terms of content development, I'm sure that more hands will be freed up to polish Blizzard's flagship franchise.
Also, again, just to point it out, the Monk animations currently break the old model skeletons, so in order to make the Monk available to all races (except Worgen and Goblin), they have to remake at least the skeletons of the old models, and if they are doing that, there is a solid possibility that an entire remodel will come along with it.