Heya... Funny you mentioned this topic since I have been doing benchmarking the last few days regarding this new badge bow.
Lot of people were claiming its better than BBoTB, Archi bow etc, but its not really the full truth.
Ok here are my findings :
The new badge bow can be better, because it requires less haste to make the sweet 3:2 holy grail of shooting speeds. In order for you too pull max dps the 3:2 rotation NEEDS to live in the 2.0 - 1.9 shooting speed range.
So, it means because the new X-bow is allready shooting faster than the BBoTB + BBS, you require less haste to make the sweet 2.0 - 1.9 shooting speed sweet spot. The reason I say 1.9 minimum, is because we have to account for Lag as well... the real figure is actually 1.8. And as for haste, its one of the most difficult stats to make work, since it gimps so many other stats in the process... and this is why this bow is so good, it makes it easier to get to that hot zone.
BUT... and this is where the real life DPS truth starts hitting...
If you have enough haste with a 3.0 Bow like BBoTB + BBS, and by this I mean, getting a 3.0 sec bow down to 2.0 / 1.9 ... it CRUSHES that bow on dps stats. In short, the new x-bow makes it easier to reach the sweet spot, hence more people see the great dps stats from the new bow.... But for the few people that manage to get the 3.0 bows down to 2.0 / 1.9 ... they are the big boys breaking the 2300 dps marks. You are talking a 300+ dps difference.
Ok and this is also where it gets interresting. If you exceed the 1.8 (theoretical limit for the 3:2 rotation), and this usually happens when you pop bloodlust from shamans, rapid fire, drums etc... when you go below 1.8 attack speed, your macro defaults to a 1:1 rotation. And this is where haste becomes negative as you most probably heard a lot of theorycrafters have been against haste. Its easy to overcome.. basically when your shooting speed gets to ridiculous levels, STOP macro spamming, and just let your autofire do its job. You get more dps, and more damage in that short period in time when your haste + attack speed is at insane levels, than using steady macro clipping your autoshots to hell and gone. The problem with the 3:2 rotation is... its DAMN heavy on mana. Last night in the Sunwell raid, I managed to do a sustained 1700 dps average on trash, which is pretty decent. On average I can only achieve 1700 - 2400 dps on boss fights where its sustainted single target nuking. So yes, 3:2 macro with 2.0 attack speed is the holy grail to aim for. You become untouchable on damage meters... on average last night I was 120k damage ahead of our top warlock.
What you can do, keep the 1:1 rotation macro real close by on your task bar, and keep using your 3:2 rotation. On certain boss fights the 1:1 will be better since its a lot more mana conservative. 3:2 rotation has me drinking mana after each pull, but for higher dps.
So in a nutshell... if you dont have BBoTB / BBS... then yes that bow is insane. But if you wanna crush anything on dps meters... get your 3.0 bow down to 2.0 / 1.9.
Hope it helps... it might sound a bit gibberish with all this theorycrafting mumbo jumbo, but ask if you need me to expand on certain mentioned sections.
cheers
my spriest is only 54