In Mists of Pandaria, some gear is now labeled "Elite" or "Heroic Elite". I'm used to Cataclysm having items with "Heroic" to differentiate gear earned in Heroic content (to differentiate it from normal and raid-finder difficulties), but this is the first I've heard of an "Elite" tier of gear.
What makes an item "Elite"? Does it mean anything other than a high iLevel? (I notice that there is also "Heroic Elite")
Best Answer
As of the time of answering, Blizzard has revealed one source of the Elite gear:
(Source)
From this, it would appear that Blizzard is moving to, at least in some encounters, adding Ulduar-style "dial your own difficulty" encounters for Mists raids, and compensating raiders that complete the hardest version with a half-tier improved gear.