Yes, yes he does.

When the Hunters show the level of dedication required to stick out a raid guild just entering the 25 man content all the way to defeating the hardest boss in the game without /gquiting or causing drama over loot drops previously, then the person for whom it is the biggest upgrade deserves to get the upgrade.

Now, admittedly, for the amount of DPS its going to put out on a Rogue, most guilds would hand it over to one of the hunters and be done with it. But the big thing that has to be considered is that with the rather high drop rate compared to other Kil'jaeden drops, staying with the guild like Analogkid did will have just as many rewards as handing a loyal guildy who has put out the extra effort to be exceptional when others decide to remain nearly satisfactory.

Analogkid and the Vicarious guild, I salute you on your take down of one of the hardest bosses in the game and will respect your looting decisions as a show of loyalty to your friends. Keep up the good work and show the rest of the Warcraft world that it isn't just the phat loots that matter, its the player behind the keyboard.