Our patch just went live in Korea today, and with the cute little Wolvar pet, my alts' flying mounts and the new JC epics...i totally forgot about my chef's hat. And through all the above, my character was wearing it. I will check that now.
Holy pieces of chocolate cake Batman...that thing is fast. My cooking time dropped from 2.0secs/piece down to 0.5sec/piece. I tried it on a few different things and everytime it dropped to 1/4 of the time it originally took.