Killed him today (11/26/01) He dropped 2 cloaks, a couple of spells, a scale, and a Bioluminescent Orb, Seemed way easier than any other dragon i've fought, though my experience is limited to Naggy, Vox, Trak, and a smattering of WW dragons.
I was max ally to CoV at the beginning of the fight, and was still ally after he dropped, so the faction hit can't be too huge. Hope this helps.
Lorendel Daywalker
57 Conjurer of the MHB
The Tribunal