The old pets that you once had are no longer soul bound. I had a captured firefly that I am now going to try to sell. I think its an exploit as these are pets that shouldn't be able to be traded now.
I figured this out right as my server came up and I decided I should share the news.
Thanks to MMOwned for all the past info. :-D
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I believe it is an exploit... I can't verify because my stupid server is down and won't come back online.
But as he stated he had a [Only registered and activated users can see links. ] that wasn't soulbound, after he learned it to his pet tab.
So as he's saying with the new patch 3.02 (where we can learn all your vanity pets and mounts into the new little mount/pet tab) learn the vanity pet of your choice and it will not be soulbound and therefore you can sell it. Sounds like a good way to make some money selling the vanity pets you've been collecting and spent so much money on.
Let me know how it works if when you learn the new pet, it dissapears. The soulbound pet you used, may not be soulbound anymore, that is correct, but you wont get any credit OR be able to use it unless you learn it, and then it dissapears from your inventory.