I haven't noticed a red "Broken Frost Module" although there are several other things that have a red pile graphic on them. This blue one sells to a merchant for 1.524 at 134 cha. As far as tinkering, as some have suggested, there is no "This item can be used in tradeskills" tag on it. Identifies as Broken Frost Module (big surprise). Unknown quest at this time. Probably Allakhazam's attempt to make it seem like SOE wouldn't make anything that was useless. *snorts*