I first caught sight of this set back in WotLK Beta and the rumor mill was that this would be the T7 set for Rogues.
Now again the Ugly thing is back and MMOChampion is speculating that this is the T8 gear.
It has NOT gotten anymore attractive.
It will be interesting to see what the proposed stats on this set will be but I do know one thing for sure...That helm will NOT be showing.
As to why there are 4 color combos for it, again no one is certain. Pvp, Heroic, Normal? Well that is three, but why Four? Just because all the OTHER classes got different color options? That is just pure silly. Of the four color choices we see the Black and the Red will most likely win the most votes with the general rogue community no doubt.