I saw somebody asked about the Argent Tournament. They said in the FAQ that they would be unable to transfer the Tournament Achievements, so I believe that means they probably reset everything relating to it.

Took a long time to transfer my Hunter if anybody else is waiting for theirs. I started it last night and this morning it still hadn't given me the "Switch Faction" button, but when I got my lunch break it had finally gone through. The one downfall I hadn't thought through about going Dwarf was having to ride on a freaking goat until I can get a real ground mount...