It's not even working as an evasive move. You don't register as having moved until after you've landed, so using it as an evasive ability goes out the window. As it stands now, Elusive Jump is just an enmity drop with a fancy animation. For that purpose, the recast is perfectly acceptable.

Now, if they can truly make it an evasive skill (which I doubt they can until 2.0) then I wouldn't be against them lowering the amount of enmity dropped as well as the recast.