I make a TON of money with enchanting....and I don't actually do any enchanting..
I have 3 char's - a 60 druid - main - 14 epic items, a 56 rogue - and a 16 warlock.
The druid is engineer/tribal leather, the rogue is miner/master swordsmith, and the lock is alchemy/enchanting.
Every single green item, or blue item that won't sell for a ton on it's own, I send to the warlock..who D/E's the stuff.
The lock puts the stuff in his bank till it is a full stack, then it goes to the AH - major gold for Illusion and Dream Dust, and greater eternal essences sell for a ton.
Once I get the lock up to lvl 20, I'll increase my alch skills, they are max at 150 now, and hopefully I can provide mana/health pots for my main and the BWL runs we are starting now...Razor is down, Vael is next