An excellent waist item. The only qualms I'd have about it were if it were to go to a pure-melee class. But even then, if they need the upgrade, so be it.
I was lucky enough to win one on a /random when my guild did a joint raid, making merit looting imposible. Needless to say, as a bard I was THRILLED to recieve it since only FT can help me regen mana (I want crack darn it)
oh ya.. I got it on a 999/1000