You are correct. Enlightened Judgements gives you hit rating equal to your spirit, adds 10 yards to its range, and heals you when you cast judgement. As Healadin currently in a mix of normal and heroic 5-man gear (AIL340), this talent puts my paladin at 23% spell hit (and 19% melee hit), so my judgements don't miss, and my melee swings only fail due to dodges. http://bit.ly/g8zJ5G

To make things even more interesting get a trinket with +1700 spirit or something on proc or use (like blood of isiset from HoO) and couple that proc with a resto shammy hitting mana tide totem. Because mana tide directly increases everyone's spirit by 400% you'll end up having some 40-45% hit rating which looks just ridiculous :D
http://bit.ly/gjpIw4

before the advent of holy power. I think the class and spec is really coming into it's own as being more well rounded and fun to play. Thanks for the tip on judging more, I have a great macro I use to judge my focus' target (the tank) works great available on wowwiki.
http://bit.ly/h47Afu