Well I suppose BOD changes are on, so I tried to fill in some of my BODs and exchange them. I filled 147 of them and was bored almost to death.
Anyway, let me share results of the exchange :

47 normal, 47 exceptional, total 94 iron BODs, 64%

6 norm., 8 exc., total 14 dull copper BODs, 9.5%

11 norm., 4 exc., total 15 shadow iron BODs, 10%

2 norm., 1 exc., total 3 copper BODs, 2%

4 norm., 3 exc., total 7 bronze BODs, 4.8%

0 norm., 3 exc., total 3 gold BODs, 2%

1 norm., 2 exc, total 3 agapite BODs, 2%

1 verite norm., 0 exc., total 1 verite BOD, 0.6%

and finally no valorite at all, 0.0%

Also 7 large BODs ( 4.8%) - all junk.

I'd say I'm quite disappointed. Some consolation from dull exc., shadow exc., agapite normal, which may yield 5-6 PoF.

too small of a sample. do 500 or 1000 then if your numbers hold up then you might have something.

there is a player over on another forum that posted his results for 3000 bods turned in since the change, if his numbers are correct there is a difference.

Well, I suspected that.. But lol I told you I was almost bored to death..

Do you remember the adress of the post you mentioned?

Got my first valorite small bod yesterday (was crap, but hey), so there might really have been a change.
Personally I got the feeling of getting more colored bods than before, but didn't do statistics...

it was over on stratics in the smithing or tailor sub-forum, title is something like, oh heck I will just find the title, its on page to of the smith forum:

3000 BODs and PoleDancer says "hckchckhckhclckk hllllckckkckckhckcklck" to you all! *updated 3/6/08*

Thanks Warsong. I just checked the post and it was amazing. Such dedication... Awesome.

no problem , its always good to ask, if you think something is wonky with the random number generator.

blacksmith bods have always been messed up, now they are better, but they are still not were people think they should be. Personally I have seen more colored smalls, since the change, but I only have one legendary smith. I do tailoring bods more often. Because I like tailoring better, it was my first non-pvm profession, it bought my first few houses. Secondly I started when blacksmithing had no resmelting so you needed many ingots back then to get to gm. Finally with the changes to resources, I found it difficult to harvest a good amount (lets say 1000 ingots of any color) during the limited time I have to play.