With the launch of Mists of Pandaria we were told that all the other existing races are going to get new and improved models.

We all saw a pandaren in action and we already know what we should expect from the new models. Everyone is waiting for them I guess and we haven't heard anything about this Blizzard project in a while.

Since there were so many Devs interviews lately, the guys on MMORPG.com spoke with Ghostcralwer about these new models and they managed to get a bit more details about this project:

MMORPG: Okay, so WoW’s 8 years old, getting up there. But it’s aging well. Water, the new expansions each manage to look really good despite the game’s age. But what are you doing to try and keep it looking young? Style can only do so much for so long. You’re working on a model overhaul for the other races, right?
Greg: Yeah, absolutely. I mean, the art style itself, is picked because it’s timeless. It has that cartoony fantasy look that could still look cool 10 years down the road. Then there’s the upgrading: lighting on buildings, plants and life on the ground. Even the Northrend areas look dated compared to Pandaria now. Better lighting effects, better fog effects, the trees can have more leaves, etc. We can keep adding and tweaking as it ages. And we are working on updating all of the player models.
The Pandaren is kind of the example of where we want to go with that. Where they have facial animations, their eyes move, mouths move. Their fingers are individual and not just one big mitt like the old models are. It takes a lot of work, it’s a brand new model, with new animations that have to match. Unlike the Pandaren, we can’t take say the Tauren and make it a brand new race. At the end of the day, they have to still look like Tauren. It still needs to feel like it’s your character that you’ve had for eight years. They’ve got to have the soul of those existing races. It’s a long term project, it’s going well. We don’t yet have an ETA or how we’ll roll it out though.
MMORPG: As long as my Dwarf looks prettier. That’s a good thing.
Greg: It is coming, and the new dwarf is very pretty.

Now all we can do is to wait. Since we were told that the next patch, the 5.3 patch, is going to arrive sooner than people is expecting, I'm guessing that we wont see the new models very soon.

Since I'm very fond of gnomes, I'm really curious how the new models are going to affect such a small character...

What do you expect from these new models?