I too am sporting the Valor emblem cloak. I never would have believed I'd be wearing that thing almost a year later =O.
How much does tier stuff cost? I'm worried I won't be getting enough emblems before Cataclysm starts and the process begins anew =p.
Edit: NM, found it, 60 for hands/shoulders 95 for the rest and that's before upgrades I better start saving.