For those of you not in the know, the Ring of Blood quest is a new one in the Burning Crusade and it offers some very nice rewards for those who complete it. It's not all that easy though, so WoW Insider put together a little guide to help you out:

Lured by the promise of getting to comment on the quest in this article, I managed to gather a crew of four guildmates, all above 65, who wanted to finish Ring of Blood. We had Synbios, our protection-specced tank; his roommate Gorah, a resto shaman; Darkboom, a level 67 mage; and Darkboom's friend Exiledchaos, a newly enhancement-specced shaman who likes Arrested Development a little too much. We all headed out to the Laughing Skull Ruins in the northern part of Nagrand to start the quest at Gurgthock's ring.

I wasn't sure that this was going on or not, but as these guys say it is. Some alliance guild got a server first loot item (the T3 Shaman ring), but as they have no Shamans... yet, decided to give it to a Paladin in the hopes that a GM would convert it to a Paladin item.

No go, so they are stuck with an effectively "useless" drop. Why didn't Blizzard put in place the new loot drops with the expansion when people can actually use them!?