So many options on this one. Here's what I did...
I attempted the whole banner thing. I was able to get to the bar, but couldn't get up on the wall. Rather than throw my keyboard against the wall in frustration, I decided to do it the other way. I killed the Captain of the Guard, took his key, then went to the room with the Black Reaver in the back of the zone. It was cake from there. To get past the locked door in Hut #2, I pushed up against the door in Imp form, then clicked off the illusion. For the Druid, I pushed up against the door in Wolf form then clicked it off.
I've made a few mistakes in this round, and I'd like to share them so it doesn't happen to you.
1. As you approach Hut #3, get rid of your Merc and Pets. Jaxion is outside the hut, and will attack. You don't want your Merc killing him before you can Charm. Once my Merc killed him, I killed the PH nine times before Jaxion spawned again.
2. There are roamers, and random spawns from inside Hut #3. While they can't really kill you, they do generate a lot of push and will push you off the platform. Once you hit the water 20 stories below, they continue to beat on you. Stay awake!
3. If you get bored and decide to enter Hut #3, be careful. The stairs are a false floor. It's a long way down and a hassle to get back.
If you have to camp him, the respawn time is about 21 minutes (19 - 22). His PH is a Gyrating Goo. Jaxion spawns outside Hut #3 on the platform to the left of the door.
Winnee Kooper
77 Enchanter
The Rathe

Green Jade Broadsword