Alchemy is getting a couple of new items in the upcoming patch, nothing major but still interesting. The first new item is called "Lesser Flask of Resistance" and it gives +50 to all schools of magic for one hour. Like all other flasks, it persists through death. This doesn't seem like a highly beneficial item, but for guilds who are moving through new content it could be handy to beef up resistance among your ranks.
The main problem I see with it is the use of Fire Leaf, an already high-priced component. From what I can tell the low availability of Fire Leaf is the main reason that the Flask of Endless Rage is consistently more expensive than other Northrend flasks. By adding Fireleaf to yet another flask (in competition with Flask of Endless Rage) I can see the supply getting even uglier. Here's a pic of the recipe for those interested:
The second new item for Alchemists is a fun little goodie called Ethereal Oil. This is a fished-based oil, much like the Pygmy Oil or Blackmouth Oil items. And it uses the Glassfin Minnow, which up until now had no use in-game despite being implemented since Beta. At this point Ethereal Oil has a pure novelty usage, it turns the drinker translucent for five minutes. Even cooler - it stacks with Pygmy Oil. For those of you who haven't discovered this yet (or didn't want to waste your Pygmy Oil), Pygmy Oil stacks and if you drink enough of them you get transformed into a Pygmy. Now with this additional effect you could be a Ghost Pygmy! I might have had a little fun playing with these effects... here are some pics of the two oils in action:
And for those of you who want to see the recipe itself for collection purposes: