As most of you know inscription is the new profession released with WotLK and patch 3.0. Some of the more basic information WoWhead has has been kind enough to collect and organize already here.
http://wotlk.wowhead.com/?spells=11.773
If you don't feel like reading through all that I'll just outline some basic things and key features.
Inks: http://wotlk.wowhead.com/?item=37101
- These are the backbone of the skill. They are used for glyphs, scrolls, and tomes. It appears that 1 herb makes 1 ink for the simple ones, and the more difficult inks take a few herbs.
Milling: http://wotlk.wowhead.com/?spell=51005
- This is the new "prospecting" for inscription. It requres 5 of an herb and mills them into usually an pommice of some kind. The pommices are reagents for most of the following, and can also be used to cast some spells outlined later.
Scrolls: http://wotlk.wowhead.com/?item=37118#created-by
- All of the scrolls currently in the game are crafted by this skill. In addition, there are lots of new ones including the one in the link. [Scroll of Recall] is a 15 min hearthstone on it's own cooldown. Enjoy!
Vellum-
-Armor: http://wotlk.wowhead.com/?item=38682
-Weapons: http://wotlk.wowhead.com/?item=39349
- Enchanters rejoice! We've all gotten that new item and spammed and spammed for that enchant we're looking for. No longer! These will store enchants in a "scroll" format so non-enchanters can just click them and enchant their weapons and armor.
Glyph: "no link read below"
- Glyphs are the most resourceful part of inscription. What these allow you to do is further customize your character by enhancing your spells and alter them in all sorts of ways. Some of them are cosmetic and some are extremely powerful. You'll just have to read through to get an idea of how your class glyphs will function.
Tomes: http://wotlk.wowhead.com/?item=43515
- These are some nice offhand items were seeing pop up in the last stages of testing. This ones a great bank alt/twink item, so keep your eye on these blizz seems to be giving us a lot of things for every1 to enjoy with this profession.
Deciphering: http://wotlk.wowhead.com/?spell=52175
- This allows you to open all kinds of "mysterious" bags and scrolls of sorts. They contain scrolls and herbs, and other inscription items. http://static.mmo-champion.com/mmoc/images/news/2008/august/s17.jpg the center in the bottom is an example of what this skill is used for.
As I wake up today and can think of more to post I'll keep you guys updated. This is some pretty basic stuff just to get you started. Feel free to post some things I've missed!