Well, well, well. As a guy who currently plays a BM Hunter, I'll try not to gloat too much (to tell the truth, I agreed that BM Hunters needed a nerf before 3.0.8, though I did think we got hit a little too hard afterwards), but Ghostcrawler has something to say to all of you Beast Mastery Hunters out there: We're sorry. On the forums, he says that Blizzard has had a long talk about it, and they've determined that yes, they nerfed Beast Mastery Hunters too much. He says Marksman is in a good spot, and Survival might be a little too high, but they're still looking at all three specs.
Gloat if you want (BRK is probably very happy), but Ghostcrawler specifically says that they're fessing up to this partially in the hopes that it builds the devs' credibility in the community -- when they mess up, they'll let you know. And with that attitude, we can't really blame him. He was wrong -- let's move on.
So where next? He says BM is due for buffs "before Ulduar." Steady Shot is likely staying where it is, but Kindred Spirits and Serpent's Swiftness will probably be improved a little bit. I wouldn't look for us to go back to where we were pre-3.0.8 (Volley will not be re-buffed, I can tell you that), but BM will definitely be a little stronger than it is now. Oh, and I hate to keep harping on this one, but can we get that Cower bug fixed now? Please?