Well,
Over the last 3 days I have cleared the room about 30 times, so that's roughly 120 placeholders for Dreameater. I have had at last count 12 pops of the evil cube, so that seems to be about a 1 in 10 chance from any placeholder or roughly once every 2-3 clears, which seems about right.
Unfortunately the RNG has not been kind to me and all 12 occasions have seen a ring drop and no augment for me. The chance of going 12 pops in a row without the augment if the aug has a 33% chance of dropping is pretty small, about 1%, but if the augment has only say a 10% chance of dropping per kill then 12 fails in a row is not that unlikely, about 30% in fact.
On the basis of this I'd affirm that Dreameater is a common spawn (about 40% chance of getting him at each clear of the room) but his augment is somewhat uncommon, probably 20% chance or less per kill.
By the way, why is a named CUBE (live mob, not undead) spawning from haunts, which are undead?

Abstruse Remnant of Desire
Blue Diamond
Crystallized Ooze Ring
Lesser Nebulous Dream Fragment
Median Nebulous Dream Fragment
Minor Nebulous Dream Fragment
Ring of the All Seeing Eye
Slippery Slimerock