Spell parser lists it as 'Summon Pets' so it seems like its meant to have achance to summon a pet whenever you cast a spell, but wrist slot procs are broken so it's not going to work.
Interesting that they would change Ft1 to this effect, as it is a caster item, and all those class have pets. Hmm maybe it is a short lived pet, and you can still have your mained pet too.
MAGIC ITEM LORE ITEM NO DROP
Slot: WRIST
AC: 10
Effect: Elemental Ally (Combat, Instant)
CHA: +25 HP: +100 MANA: +150 FR: +15
Aggression: -1
Weight: 0.0
Size: TinyClass: CLR DRU SHM NEC WIZ MAG ENC Race: ALL
Type 5 Aug Slot: Empty
Wrist slots are broken?
Thiniking I perfer the FT. or even a clicky pet.
I thought wrist procs were supposed to go off only if attacking in combat.
CLR DRU SHM NEC WIZ MAG ENC
I admit the idea is cool as hell Wold but maybe it would be more appropriate for a clicky for le swarm pets w/ a recast timer close to what normal aa swarm pets are (possibly longer)