I voted no, and will always vote no to this. I am surprised that this even came to a vote. But in the end, it will still become an item in the tiers regardless of our opinions.
Why? because it has to be there. The ubers are not spending money on their toons anymore because they are nearly maxed out. The cape is the only way to get extra money out of them.
Mr. Sighborg, if you are looking for new ways to generate additional AP income, reinstate the lvl 20-23 UM gear quests. It is all heroic, so no advantage to the people that already have heroic or dread gear.
But people are sick and tired at looking at the same boring gear sets. There will be a lot of people that would jump at the opportunity to enchant and max OJ this quest gear set, just so that they can look different.