Kool, an upgrade. I was kind of getting sick of my gold WHM Novus glow, anyway. It will PROBABLY be ilvl 120 just to keep the +10 pattern going. I don't care if it surpasses HA weapons because frankly that it 2.2 content and we are at 2.35 soon to b 2.38 an come on guys shit just gets replaces thats how it is and works. I don't believe for one second that this will ONLY be a physical change and not a increase in ilvl because that is just horrible I mean why do that and reduce the damn thing to a vanity item because if this is suppose to be a weapon to get into coil then I'd love it to match the standards of 2.4, whatever they will be, not still behind old 2.2 weapons.
You can speculate all you want but so far each step in the relic quest has upgraded our weapon and changed both its power and physical appearance. So I'm gonna bet this stage is no different.