So a few of us ran this several times last night.
Me, on my Prot Warrior who is TERRIBLY GEARED, though still Defense Capped.
Tony, on his Ret Paladin who is Uld 10-25 level geared.
Jesus, on his Enh Shaman who is also TERRIBLY GEARED.
Alan, on his Resto Druid who is about Naxx 10 (give or take) geared.
...and some dude on a hunter who had probably never been jousting in his life ever.
We ran it like 4 times and I must say that this instance is a good 'ol time.
I forgot to equip my weapon on the Jousting -> Melee phase change in the first fight twice (at least) and kept wondering why I could shield slam stuff, but not Shockwave, Revenge, or Devastate anything... hehehe
The Eadric the Pure and Confessor Paletress encounters were both fun. We were a little confused on Paletress for a bit as she really doesn't have an agro table and just does her own thing, but it was all too clear once no one other than myself did anything to her on the second run and she still Smite'd the snugglepuff out of everyone except me.
The Black Knight is also a good time and then the run is over just as fast as it began.
10-15 min runs for 5 Naxx level items. NICE.
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...and I'm assuming you're talking about the Penance cooldown increase eh? Or is it the Prayer of Healing Coefficient change? Both aren't the most major of changes, but you know... it still sucks to have spells nickel and dime nerfed down.