After two previous expansions, it's possible that lots of people stocked up. I haven't really checked, to be honest, because I've been busy playing. I've managed to skin a few bags full of leather, but those have gone to my paladin to level up LW, which then goes to my shaman to DE for mats to level enchanting.
From my quick visits to the AH, prices for everything seem to be low. I got some level 79/80 greens for my rogue because they were selling for 15-50 gold each. Crafters are dumping items, people are dumping world drops... it could be that Blizzard finally managed to make gold worthless, I dunno. But at least in terms of armor and weapons there seems to be very little gouging. I certainly will not buy low level armor and weapons for 100-1000 gold, but lots of new items are listing for 100-200 gold, which isn't really gouging IMO.
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