The only thing you can't do anymore is healing in Cleric Stance. It's a flat-out buff in all other aspects.
Quote Originally Posted by amihavingfunyet View Post
It's only 50 potency weaker than Cure 2, has no cast time and has a chance to crit. It's definitly not dead as an emergency button. Oh, it's also stronger on all non-tanks than it was before.
Edit: As Akashiya mentioned it also gets affected by buffs like Mantra and Illumination now.