Is Blacksmithing Useful In Cataclysm?

For hunters, Blacksmithing does not look more useful, than it is currently.  There is a nice epic craftable Elementium Poleaxe for level 85.  That is better than what we have now.  (No level 80 craft-able hunter weapons from Blacksmithing.)  That said, that one polearm appears to be BoE.