Drysc announced the following issues with the honor system today in the forums. If your into PvP you should check this out.

As many players noticed this morning the honor calculations were not run last night. This led to some confusion as there is a known issue when inspecting a player with no honor showing that they have a low number of honor (1-14). This number is in fact an error and is showing that player’s highest rank in the previous honor system, it is not an indication of how much honor they have earned.

We have run calculations for yesterday earlier this evening and players should now be seeing the honor they accumulated yesterday correctly displayed at the top of their honor window. This is the final honor from yesterday and can be spent on honor rewards. Players will see that the honor earned before from today have been reset to 0, this is only a display issue and no honor has been lost. The honor accumulated from earlier today will still be added to the total honor after tonight's calculation.

There is a second display issue affecting the “Today’s Honor” totals that may display an ellipses “…” instead of the estimated honor total. This can normally be temporarily corrected by either logging off and back in, or using the /console reloadui command. This issue is slated to be resolved in a future patch.

We've investigated some issues of bonus honor not appearing for certain players from yesterday and we're confident that this was due to the honor calculations being run at a time other than the time they’re normally scheduled to run. We anticipate that after the calculations tonight you will see the bonus honor from yesterday added in to your final total honor. We'll be continuing to keep an eye on the honor gained after the calculations this evening for any further issues.

We also have an update that is currently under development that will add the bonus honor to the estimated honor totals for each day before the calculation, allowing players to track the bonus honor as it's earned in their estimated total. This change will be implemented the next time the realms are restarted, likely with next week's maintenance.

You can check out all the feedback on the official forums here.