In short; yes.
I decided to re-roll my warrior (alliance; I state this because the horde profiles can be iffy in some WoD areas) and let the bot take over, 1-100 in about 2 days played time (with looms - 100% questing.) You can bot for years and never get caught, or you can bot for a week and get banned, it's a risk that is taken by everyone who does it.