The decision will not be reversed, I am pretty certain of that as are others in this thread for all of the same reasons cited (i.e. Fedor and AS). One point raised I don't think has been clarified although I may be wrong. Illegal blows YES, and although irrelevant because of the rule violation, did they cause the cut on the nose was the question? From my recollection, they did not. It appeared as if they hit on the forehead, I may be wrong though. Jones caught some flack for looking to the ref for a stoppage prior to a the elbows, which I think is getting a bad rap. Jones was clearly dominating and I don't consider Hamill defense of the GnP as intelligent. The fight should have been stopped and Jones was correct for looking to the ref for that call.
Let's speculate for a second that the call did get reversed, I am a bit confused as to why some people on here would call for a no decision. If it were stopped due to the shoulder injury, that would be a TKO-doctor stoppage not a NC. Once again this is just speculation because I really don't think the decision will be stopped. Bad decisions happen all the time in all sports, and they don't get reversed after the fact. (i.e. France vs. Ireland in the WC qualifiers)
Bottom line here is a few things, Jones a freak and will be a force for years to come in mma. This "loss" will not be anything more than an asterisk later in his career. More importantly however is that Mazz is one of the worst refs in mma and should be seriously looked at by all mma regulating commissions.