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Not only will he have a little heart when you summon the Dread Raven mount, when other players summon their own Dread Raven mount he will run over to them with a little heart. Apparently he will run quite a ways! :D
This cute little guy does seem to have an animation.. when I was mounted, it started to run circles around my mount!
I'm going to keep him out for awhile to confirm this behaviour, that it wasn't just my imagination :).