i would imagine everything would continue as is. Season 2 gear will still be available and whatnot. it seems like the only major change with the arena season will be that even though you may get that 2300 rating, its going to do nothing but get points for you, and let you buy those shoulders, but you wont be ranked #2 in your battlegroup. I think its appropriate(albeit disappointing for me, i am a warrior that has long rejected luckystuns in favor of swords, and lost to mostly warrior/druid teams where the other warrior was luckystun spec) that they do end the season then, because it really does change the pvp game dramatically and leaves it really unbalanced at lvl 70.

Since when were arenas balanced anyways?

I think this decision sucks as a class that has been rarely seen in the top end of arena teams. I was really liking what they were doing with the patch and hoping to finally get something to work with. Guess not...just goes to show Blizz loves Druids and Rogues and hates the rest of us. ;)