Yarrr!

[lfd]

Cool. I've been wanting to try this, in the absence of finding much else interesting at level 60, but like you was put off by essentially permanently losing faction for good with the steamwheedle cartel. I guess you could always go back to war with the Bloodsails afterwards, but it'd be a verrrry long grind, especially since you aren't going to be able to hand the reputation quest in Gadgetzan in until you hit Neutral with it, with only spillover reputation from the pirates... urgh.

Then again, I can't remember when I actually needed to enter a goblin town recently (actually, I can - it was to launder money across to an alliance alt via the gadgetzan auction house).