I spent 3 hours tonight gemming and re-gearing all my toons with the overflow of badges and stuff I had on the first 5 of them, and it took forever (granted I was distracted by Top Gear caravan Holiday challenge, which is simply the most hilarious thing on the internet).

I am hopeful though that my DPS and healing will increase significantly, as my shaman went from 3.8k raid DPS to 5k dummy DPS without raid buffs. we'll see how it actually affects my raid performance soon! =)