Eyonix: "In patch 1.11 we're implementing a non-consumable version of the Aqual Quintessence, available to players once they become revered with the Hydraxian Waterlords. This item will be available from Duke Hydraxis, and should allow the weekly Molten Core runs for many players to be slightly more convenient."
Additionally, Caydiem mentioned recently that the Keyrings look somewhat implemented and working properly in their internal testing build. She hints that it may be a feature to be released very very soon. It may possibly be available by Patch 1.11 -- cross fingers!
There is a light at the end of the tunnel. But I can't say when just yet. I will say that we have the rudiments functioning internally, which means it's all downhill from here. :)
Links
worldofwarcraft.com - Hydraxian Item
worldofwarcraft.com - Keyrings
