Blizzard just released a lengthy statement on Cataclysm badges and PvP point changes. Badges are going away in Cataclysm. Instead, everything will be point based for both PvE and PvP gear. There will be four types of points earned (two PvE and two PvP):

• Hero Points, Low tier PvE gear
  
• Valor Points, High tier PvE gear
  
• Honor Points, Low tier PvP gear
  
• Conquest Points, High tier PvP gear

  Hero points are like the current Emblems of Triumph. Valor Points are like Emblems of Frost, and have a cap on how many you can get each week. Honor Points are like the current Honor Points, and Conquest Points are like the current Arena Points. There will be maximum caps on each sets of points.

   

  Personal ratings will be removed from almost all items, including weapons.