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Not sure, but if it did I'd assume it'd only work for JP earned after the patch, just like only honor after patch counts toward weapon cap.
Like 'kat said
Since you can gain unlimited honor and JP you are free to convert between the two to your heart's content. Conquest to Valor on the other hand is a different ball of wax.
When I converted about 1250 valor over to Conq before 4.2 it counted toward what I could earn. For me this was perfect because I had about 1150 conq when last week started so I played a game or two of arenas, bought a ring, then capped myself with my valor to buy another ring.
Currently we can't even earn conquest because we're between seasons. We can earn valor points. What I want to know is if we earn our 980 valor cap if we can convert that over to conq then earn the rest via RBGs and arenas. It's likely we can, though its more fun to arena/RBG for conq then valor xfer anyway.
P.S. When 4.2 landed I was honor/jp capped at 4k. I spent my honor first, then converted my jp to honor and bought the rest of my S9 gear. Worked fine for me.
Edited by Sairen on 7/1/2011 11:04 AM PDT
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