Bumping this. Rod of Living Fire has been nerfed to FT 1--I've been working on this item for months and I can count the number on the server with two hands. Nerfing this primary/secondary slot item down to the level of the earring from the freep enchanter GM was overkill in my opinion, especially considering it takes a buff slot. Could this be at least raised back to FT 2, if it was that overpowering in the first place? Batty covets his scales greatly and this quest is no walk in the park, FT 1 seems like too weak of a reward.
edit--Hell, FT 3 wasn't out of whack for the item, the only argument I've seen to nerf it held no water. if you must, what about making it like the port necks or the Rune items--tied to the faction you got it from? At the very least "I had three of the hardest item to get at one point in the history of the world so you can't have nice things" isn't a real great argument for a nerf--it's a mitt-held item that takes a buff slot, Ft 1 in a buffslot is massively weak by primary/secondary standards.
But yeah, I'm liking the Ft3 but tied to faction idea. Given comparisons to other easily obtainable FT items, and that it takes a buff slot, it should really be FT 3, faction or no faction. It's primary slot, so it should be better than the freeport earring (to keep the example), and it takes a buff slot, and the quest is harder. Ft 3 isn't at all unreasonable.