Raise Ally has been redesigned to be a battle resurrection, analogous to Rebirth. It is instant cast, but costs 50 Runic Power to use, and has a 10-minute cooldown. It shares the same global battle resurrection cap with Rebirth and Soulstone.
We knew it was coming. I have long thought Michelinea should be able to do all the things that every other job could. Let's face it, we can already tank in blood spec, we can DPS with the best of them in either the dual wield frost spec or the two handed Unholy spec. Why wouldn't we be able to heal like a druid or a priest?