From what I've seen:Quote from inzynier_osamix
Didn't get the beta, so I have few questions about transmog:
1) can i transmog an item to look like a normal one? change a legendary or high tier item to look like an tier 1 item?
2) can i transmog, lets say a WD knife to look like some sword or a normal helm to look like a voodoo mask? (probably not, but how fun would it be to watch a barb with a voodoo mask on :D)
3) hom much does transmog cost and does the price change depending on item lvl or something?
1) Yeah, you can change to low tier gear too. This was confirmed by a blue.
2) What they've been saying is that as long as the weapons have the same attack animation, you can transmog it. So no, WD knives can't look like swords. Just like my 1H axes can't look like 2H axes, ala Titan's Grip style.
3) Transmog only costs like 5k now I think right?