I think this item should be applauded. For the level it makes a very decent prize. I know there are a lot of people who would pass for something better, but really, it's not bad.
Kraen Flameweaver drops it (have a screenshot myself of his corpse with this wand on it). It's a nice item, haven't tried to sell it because I don't have a good resist item for my prim yet :).
Of the approximately 4 weeks that I've been hunting there now I have only seen him twice and he didn't drop anything the second time.
I only pull from the Tro Jegs when all Sun's are down, but with a necro-mage-mage group as I often play there it goes fast enough.
Small tip: If you can kill the tro jegs you can kill the reavers/revenants and their nameds have even nicer loot.
Rhand Kinslayer 57th mage on Antonius Bayle Officer of Lowland Elites
I believe it drops from Kraen Flameweaver (name might not be exactly right, but its close) in the Scarlet Desert. He is a Tro Jeg rare. Seen him most often on the Plateau when killing the Tro Jegs up there. Note: He is unsnareable.