I made it as far as page four before I had to log in and mention this.
The preponderance of morons going on and on and on about sorcs not having big nukes and therefore not having competitive DPS are going to have to clean their brains off the ground when damage meters come out and most reasonable specs are within 5-6% of each other when played correctly.
Although I hate to be "that guy," the shining example of how ridiculously stupid that line of reasoning is has to be the affliction warlock in WoW. That class has just one ability that's comparable to the type of damage of nuke-based classes (Bane of Doom, if you're curious, a 60 second duration DoT with 15 second ticks), yet that spec of that class consistently parsed within 1-3% of the top DPS classes throughout the past year+ of crapaclysm when played correctly.
There's always a chance that, for completely unrelated reasons, sorcs will be underpowered, but that would be because their damage is not tuned properly or they aren't being played properly by the majority of the playerbase, not because the individual nukes do not hit as hard as other classes.
The ability to cast nukes while DoTs are ticking is, in the most oversimplified sense of the design, the reason the sustained DPS is competitive. If all you're doing as a sorc, especially Madness, is casting nukes... it should suffice to say that the class balance is not the issue.
Edit:ed the word "just" into the sentence about BoD for clarity's sake