If you have items you haven't upgraded yet, you should know that item upgrading is going away as of patch 6.0 - any items you have already upgraded will remain so, but you won't be able to upgrade any new items once the patch drops. So if you've been lax, like I have lately, it's time to get serious about your valor points and get everything upgraded before that time.
Honestly, I'm not really all that sad about losing valor upgrading - it lately felt like that was all you could do with the points anyway. So I won't miss it that much. It would be nice if they added something to do with valor points once 6.0 drops - I'm always a sucker for cosmetic items, hint hint.