Answered above in comments. Downvote.

*WTB editing functionality*

If I remember correctly, Valor points are used for the "top end" gear for whatever is current tier. Justice points are used for all other gear. Think of it like emblems of Frost vs emblems of Triumph at the end of Wrath, if that helps. Whenever a new tier rolls out - T12 in 4.1- all existing Valor gear should be "downgraded" to Justice gear, much like your Valor points will be downgraded to Justice points like Alex mentions in his answer to today's first question.

Yes. When 4.1 goes live, the gear that costs VP in 4.0 will use JP in 4.1.

From my understanding, when 4.1 hits, everything that currently costs VP to buy will now cost JP, and all of your current VP with turn into JP, adding on top of what JP you already have.

So if you cap out on JP right before 4.1, methinks you could have like up to 6000 JP and get 2-3 tier pieces and then maybe have enough gear to raid, since you said you couldn't. However, I don't know about the helms and shoulders, but it would be really stupid to make you still get tokens for those so presumably those will also cost JP after 4.1.

@The Blog

I don't mind raiding for tokens to acquire the final pieces of T11. I think that is a valid path to gear. I just didn't want to see a hole created for those in between hardcore and casual.

While I'm easily into 5-man Heroics, I have yet to raid in this expansion yet. I have both VP and JP, but JP is nearly useless to me at this point. But, I don't have enough VP to really buy upgrades to my heroic/crafted items. I am concerned that T11 would still be out of reach after currency dropped.

But, it seems my worries are abated. If current VP items drop to the lower-tier of currency, it isn't a problem.

I don't mind holding out for raiding to get the head and shoulders.

As was stated by Blizzard since before Cata, the gear will be available for justice points. Not sure if they stated if the pricing will be similar.

I was in the same situation, I never had enough high end tokens to get a high end piece of gear. At least with with tokens I could downgrade my meager number high end tokens to get my low end gear a little faster.

So are these idjits trolling, or are people really that uninformed about news that came out well over half a year ago?