Couple things. None of this is a complaint, just observation and speculation.
If you think about it, excluding the usual AA upgrade we get every expansion and earnest fury, our passive DPS has received a very minimal boost. What has made great strides with this expansion is our burn DPS. I gotta admit it's really nice to hit IJ, 2nd Spire, VR, Glyph, 7th, Pureforge, and then Righteous Indignation. But people need to understand that's one mob every 20 minutes (4 hours with 7th, and even less often for Glyph since it's expendable).
SKs are getting restless over at
http://www.evilgamer.net/forums/showthread.php?t=7042 and are crawling out of the woodwork for nerfs because they're afraid they're not #1 at absolutely every aspect of being a knight anymore. I read every single post on that thread and the misconceptions are mind boggling. They seem to be under the impression a paladin can hit auto attack and a disc and our DPS just turns in to God Mode. Or that all of our blasts are super efficient and that to put up big DPS numbers you don't have to spend 40-65% of your mana bar on ONE mob. The other main complaint I'm hearing from the SKs is that they're pissed they have to switch spell set ups to alternate between DPS and tanking.
...Seriously...?
What knight does not have different spell setups saved for tanking and DPSing? Maybe I am a fail knight but I certainly do and they I'm pretty sure they share 2, maybe 3 spells in common (Burst, Glorious, and Penitence). This doesn't event MENTION what happens if you throw utility into the mix. Any paladin that's used Lesson of Repentance, Divine Stun, and Shackles to do gimp crowd control or done pacify pulling knows what I mean here. I was the healer for a Fear exp group the other day and the only DPS spells I had memmed were Glorious and denouncement, and that's only because of their healing components. Earnest Cleansing, Joyous Light, Earnest Touch, Wave of Penitence, Burst of Dawnlight, Burst of Daybreak, Penitence, Aurora, Splash don't leave a ton of room for DPS spells.
I agree that Shadow Knights should be ahead of us on DPS, it should always be that way given their hybrid class composition. And except on an occasional burn, they still are.
HoT didn't make paladins amazing. It made them not as suckassish as they used to be.