5% hit rate is not that much, seriously go read up on it and you will find you will need more than 5% for white damage. It isn't a waste because so much of a rogues damage comes from white damage.

lol leth if u have only 5% to hit for pve you are a fukin retard. + its not even hard to get 1400-1500 atk power , 26% to crit n 250 hit ratin. i have this much as i only have 1 piece t4.

Ever heard of the talents Combat Potency or Dual Weild Specialization? Haste rating? Poisons? These all greatly benefit from having a high hit rating. Around 50+ % of a combat rogue's damage comes from auto attack alone. You say you are a sword rogue and that you understand game mechanics, I have to disagree. Are you in 2 pieces of T5 and the rest greens, seriously? I don't even have a piece of gear from beyond Moroes and unbuffed I have 25.62% crit, 1448 atk power and 175 hit rating and 7884, my sword doesn't have stats on it either.

http://armory.worldofwarcraft.com/character-sheet.xml?r=Whisperwind&n=Necrosaro

A friend of mine has 300 hit rating, 26.75 crit, 1598 AP and 8574 health whilst still wearing blues and only 3 pieces of T4.

Either you are lying or you need to learn to itemize better, but coming from your last comment you don't seem to take criticism very well.

well i dont have quite that but im a mutilate rogue with 27 crit, 200+ hit and 1450 attk power.. i have a bunch of epics but im not fully epiced yet.. when i am i will probably have those above mentioned stats or better... now hit rating is in fact useful for the sustained dps.. here is a hint.. with only 5 percent hit your going to miss a shitload of your attacks, especially against boss fights.. so l2p