No wonder la, suddenly sold 4m worth of flawless square gems.

So what do you guys think the effect of 1.0.7 on AH pricing?

My take away from those new rare recipes and crafting is they will be viable alternatives to AH, maybe even replacing current legendary BiS.
They are also not difficult to craft (components and recipes aren't hard to obtain), and odds to craft something useful is greatly improve since we can control the primary stat.
And they are account bound, thus effective gold sink in the economy.
With these, they will effectively set the upper pricing limit in AH of similar benefit items.

Even the demonic essence is account bound.