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I am currently BM spec'd (level 50) and I have a Bear and a Cat as pets. Started with the Cat than tamed a Bear for better multi-mob leveling.
Also, if I want to get rid of a pet, say the Cat, how do I go about that? Do I just dismiss it?
K first off wow, you should really know how to get rid of pets you don't want by the time you're level 50. Okay rudeness aside, there is either a button in your spell book or you can right click your pet and choose the abandon feature that will make your pet disappear and leave you an empty slot for a new pet; like maybe one of the new exotic pets once you hit northrend (i prefer the huge rhino's just for kicks)
People choose the ape because they have a great aoe that helps, thunderstomp if I remember right.
Again as many people on here will tell you, please check out the faq page, yes it's severely outdated, but great minds are working on updating it. Plus there is always petopia a site that any good hunter should have bookmarked and memorized for all those great "what pet is best" questions that get posted a lot on this forum.
Oh and just clicking on dismiss will just send your pet back into hunter pet limbo where you still have it, but it just isn't around to fight for you until you call it back.