The WoW Panda race is actually called Pandaren. This is a new race implemented in World of Warcraft together with a new class, the Monk, and other features like 5 extra levels and Pet Combat. The new expansion will be called Mists of Pandaria and it will be available in late September 2012.
The open beta version of the expansion has been going for a few months now, and it will still be going for a few weeks more. From that beta testing I have learned a few things about the Pandaren race and Monk class.
The Pandaren racial skills are Epicurean (You gain double stats from Well Fed effects), Gourmand (Cooking skill increased by 15), Inner Peace (The rested experience will last twice as long as normal), Bouncy (You will receive half of usual falling damage) and Quaking Palm (Stun the target for 4 seconds, this will also take you out of combat).
The WoW Panda race will start in the Wandering Isle as a neutral faction. You will get to choose between Alliance and Horde when you reach level 10 and finish the quest chain from that area. As a Pandaren, you will be able to start the game as a Warrior, Hunter, Mage, Priest, Rogue, Shaman and Monk.
We all know the other classes so let’s talk about the Monk.
The Monk is a hybrid class and will be able to wear armor up to Leather. Their main stats will be Agility for DPS and tanking and Intellect for healing. So you could say that this is a Druid. The weaponry they use start with their bare hands and feet and go up to Polearms and Staves including One-Handed Axes, Maces and Swords as well as Fist Weapons.
The three talent builds they will have are Brewmaster (the tank spec), Mistweaver (the healer spec) and Windwalker (the DPS spec). In the beta of the expansion, the class is extremely powerful having a lot of abilities that can reset a battle at any time. We can expect the Monk class to get nerfed before it goes live.
Since the WoW Panda hasn’t been released yet, the information you saw here is subject to change. Who knows what will become of the Monk once the Mists of Pandaria goes live.