Yes,the stats have been changed. I got one last night (March 20, 2003) and the stats are as follows:
AC 8 Wis +4 HP +15 Mana +15 Save vs. Disease +4 Save vs. Poison +4 Recommended level of 33
Also note that the only classes able to use this are now: Druid, Monk and Beastlord. It dropped from "A Shrouded Fareyes" who also drops Unkempt Wristbands of Apathy as her more common drop.
There are 2 different versions of this item. One on "Ol' Greyfin" and the other on "A Shrouded Fareyes". They each have different stats. I have the one from Greyfin on my Enchanter, that dropped 3 days ago. It's stats are exactly the same as the one pictured.
This item is dropped by Ol Greyfin, fish in Dulak harbor, his placeholder is a shark, which can be found in a hole in a tavern. As long as you stay in the tank thing with the shark, nothing else will agro you. Greyfin also drops a ring on occasion but I forgot what it was