That sounds pretty terrible, not gonna lie.
PvE, wont make a difference I suppose, but that sounds unusably bad for PvP.
Looks like we'll have to settle for Blink Strike, sigh....
I expect that these nerfs will be somewhat reversed in the following patches. To curb QQ Blizzard will let these horrible changes pass until people move on to the next severe offenders that didn't get touched at all - Warriors. When the coast is clear we'll be buffed a little where we aren't as bad anymore but we'll not exactly be good either. Sorta like Cata.