Awsome stuff Ferret...
Think I should just post a few tricks here to avoid a bombardment of FAQ's with regards to survival dps when you guys have played around with it. I have a few people asking me some of the survival basics.
When it comes to trash mob farming / Dailies / Questing, I do the following :
(Even in PVP

)
You see mob / allie or whatever standing there... opening shot is a freezing trap shot a few yards in front of the mob. (not enough to aggro him though)
Then once trap is in place, aggro the target with a opening explosive shot...
Mob runs to you taking a ton of damage... as he runs to you, serpent sting, he runs over the trap... this in turn proc's Lock and load. Now you have 3 fat explosive shots ready to nuke this add. He will fall dead WAAAAY before he reaches you. Mobs die 10 times quicker than what they ever died when you killed them as BM.
Now this method works on **certain** bosses too from what i have discovered. Your freezing arrow shot even though its resisted, it still proc's the LL. So I fire a freezing arrow shot into the boss or at least in the area his adds spawn. This will ensure your LL is proc'd and ready assuming its not on its internal hidden 30 sec's cooldown.
As survival I found the things that optimizes my dps with my crappy limited gear setup that I have is :
1 - ensure you got the right glyphs... turf those old BM glyphs. BM is dead, all hail survival as the new raiding spec !!!
2 - stings... ensure your stings are ALWAYS up and ticking. You NEED mods to watch your sting timers.
3 - Get a mod to alert you when Lock and load procs. You need it. You really need it.
4 - When you run around a lot, place traps on the ground... everywhere you can. Best examples I can think of... Thaddius in Naxx, when polarity shifts, and you run to the other side over the boss, drop a nice trap under his bunghole. By the time you are on the other side, Lock and Load is ready for sweet opening present.
5 - What shots to use when LL procs... ok, from what I saw, and some people might disagree. I nuke explosive shot 3 times in a row, dont worry about the ticking / dot effect you will be loosing out on. With our crappy latency, you still manage to get ticks in, even though you hammer the Explosive shot on your pc side. My ES still ticks even if I hammer my ES 3 times in a row. Hell who would believe that our sucky latency helps us a bit here ?

6 - Does my pet dps matter ? Yes and No. Still use your pets on bosses, but if he dies, dont bother. You loose more dps time getting him up and running, than just continuing to nuke on. You have to re-learn yourself not to worry about your pet too much.
7 - I save my rapid fire, trinkets and call of the wild to use in conjunction with bloodlust.
8 - I never use arcane shot... never ever. Arcane shot cooldown is linked to Explosive shot, and Explosive > arcane every day of the week, unless you are fighting mobs / bosses which are immune to fire.
9 - FD a LOT. You will be critting like crazy, and ES is a threat hog, not too mention if adds spawn on top of your explosive trap. You will be getting loads of adds coming to you... so FD as much as possible. Pray your pally's / DK's are good with picking up the adds.
10 - if you are new to survival.... Go PVP... AV to be more specific. It forces you to react / think faster. Dont get put off if you dont like the spec initially. Give it a day at least. You will die a lot in the beginning till you master it. Hide behind a tree if you must, have traps out and practise burst dps on a mobs skull. Survival is all about massive burst.
11 - Even though your pet does sucky dps, dont forget to feed him pet food to boost him a little bit (strength + stam ). Every bit counts, you are a dps class, so do what it takes to squeeze every bit out !
As I think of more things, I will add them here... Also no flaming me if you dont have success with my tips and tricks... its on a pure "use it dont use it basis"