I am a lvl 31 druid and when me and my friend (lvl 30 warrior) took this guy down last night he conned red to me the first time and yellow the next, the third and last time we killed him he conned blue. From what I have read here and on all the other sites I looked at is that the bandit lord spawns anywhere from lvl 30 to lvl 35, randomly. Also we snagged the bracer from him every time (one for my rogue, 1 for the warrior, and one for our bard who showed up for the third kill). He spawned twice back to back on the first 2 kills, and then we waited 30 minutes killing the iksies till he spawned again. Random spawn timer too. The fort he is found in is easy to get to from the giant fort or overthere if you follow the path. The only real problem with this spawn is that he has all of his little friends, and though at 31 they mostly con green, they will still agro on you making your life fairly difficult if you are trying to cast. All and all though the camp wasn't to bad at all.
-Novenlestmeiche Letaslestleafin
--Level 31 druid of Tunare
--Cazic-Thule server