Loot drama shouldn't be discussed here.
Yeah blame me for that. I'll get this thread back on track as penance...
From my limited tests, I've found a heavy frost build such as 44/27 is really dependant on raid composition. For example, I run with an enhancement shaman so the 20% melee haste from Icy Talons is wasted, our MT is a frost DK so other abilities are also wasted such as frost aura (I know it's not a dps talent but still..), and the frost tree is getting reshuffled so we already know Blood of the North is getting reduced to 3 pts.
Overall what you're losing in a 44/27 spec is less ghoul survivability which with my orc racial (5% extra pet dps), hurts when he dies and I can't resummon. Desecration and Bone shield is another roughly 7% dps loss. You're gaining Guile of the Gorefiend, more BS damage from BotN, and a harder hitting rune dump with FS (running S/F) but I've been spoiled with DC's range and let's not forget Crypt Fever which is a 3rd disease lost (only me and the MT are the only DK's my guild usually runs with).
Overall (sorry if I've been long winded), I'd have to say 44/27 is a dps loss and it gets worse depending on raid composition which is something I don't think was really addressed in this thread. It may be better when the frost tree gets reshuffled and I think it's definately worth it to reevaluate this spec when 3.1 comes to the PTR.