I had hoped to have good new for you all today, but sadly I do not. Yesterday I picked up the Cardinal Ruby quest, as I'm sure you did. Despite the truly horrific lag and lack of mail service on my server, I transferred appropriate mats to my Alchemist for all of her transmutation needs. She did her first transmute after picking up the quest and got credit for one transmute. Then I had Kaliope buy her another gem from the badge vendor to see if that might also count. Sadly, it did not. She has two epic gems in her bags, but she still only has credit for one.
We also have a reader report that Transmute specialists who proc do not get credit for the extra procs. This would seem to indicate that the act of transmutation is what's being counted, not the resulting items. So it would appear that all Alchemists will be waiting the full five days to receive their Cardinal Ruby recipe. That makes Kali a sad puppy.
In the meantime everyone else will be madly using their honor points and badges to purchase needed rubies. The only bright side is that badges are in limited supply at the moment and will quickly dry up. Honor will also quickly be spent and require more effort to replenish. At that point I suspect Alchemists will be the most reliable source for rubies, since Titanium is completely random.
I would also like to suggest to those who haven't planned for this - transmute the crappy gems for the next 4 days. Since you have to give them to the quest midget, why give away the good stuff? I plan to give her 5 Eye of Zul, or maybe Dreadstone. Whatever is cheap and easy, just make that. You have to kiss it goodbye anyway, unless they've changed the quest since PTR.
Also on a side note... too damn many people farming my mechanicals in Storm Peaks... where's that Mind Control device?!?!?