We all had an inkling this was coming, right? I mean, it is Blizzard and they do things that are occasionally "evil." So it should be no surprise to anyone that Eyonix announced today that they will be resetting all the honor points when Wrath of the Lich King is released.
In his post he does mention that they will be putting in a few new items that are purchasable with honor points only. At least those that have piles of points saved up can get something. Let's just hope that it's something you can use. They will be appearing on the PTR shortly.
The reasoning behind this is that Blizzard wants there to be an even playing field when everyone hits 80. If people saved up tons of honor points and marks, they could be used to immediately purchase the newest PvP gear. That would create an imbalance.