There is one skill modifier that can stack. That would be Pick Lock. If you have a worn item with a lockpick mod and you are holding a set of lockpicks (on your mouse cursor) with a mod, they will stack. That is the only circumstance where % mods stack I think.
This item is not really new..Its just now also found in other zones like PoK..Forever this item was able to be purchased in OOT off vendor inside Inn. Well good hunting and safe journey to all.
This bait can also be bought in Feerrott at an ogre vendor who's indiff to everyone near the river next to oggok. (He's been around a while, stealth update when they created the fishing recipes)
I saw this bad bait on the vendor, well, being from Qeynos and living on the Sea (actually from surefall but you get the idea) i figured it was time to try my hand at fishing. Maybe i could make ol' Fish happy. Low and behold i caught a WHOPPER of a catch, This thing had to be huge. How many things can you cath that give ac? Oh yeah, Just a silly ol Tattered Cloth Sandel. Ive terroized the oceans for one day, and my amazing shoe catching abilites have scared both Blonds and Fish. Time to hang up, this shoe catcher will just sell the stuff :p