It's a few weeks into patch 4.0, and Blizzard is preparing to launch an upgraded version of the existing armory feature. This new armory is more streamlined, and provides much more information regarding individual characters - such as auctions currently up for grabs and events the player plans to attend.
Here is an example of what to expect from this new armory:
The introduction of this new armory comes as part of Blizzard's new community site and will work in conjunction with the Blizzard forums, simplifying post tracking and hopefully reducing the amount of trolling. This new community site is planned to be fully functional with the launch with Cataclysm.