Yep. I'm also pretty upset by this but whatever. I can imagine the pve community getting very upset at not getting new armor models if pvp did.
Pretty much everyone transmogs anyway so I think they put their resources on that new expansion, whatever it's called, instead.
I actually don't care about it's looks for a different reason: Because I know Blizzard designs such horribly ugly sets, that I will be xmogging over it anyways. It could be grey bulky blocks for all I care.