Hat of Many Spells

[Kalkra]

I was reading through the Animated Series Handbook, and I discovered that Hank's Bow isn't the only unique item we got from the cartoon. What particularly caught my eye was the Hat of Many Spells, which costs 25,000 gp and provides up to 1,000 gp worth of components for spells, so in theory it can pay for itself after 15 spells. I can also function as a rod of wonder and can spontaneously Empower spells or let the user swap prepared spells out for other spells of the same level from his spellbook, although either of those two uses have a 35% chance to make the spell whiff and replace it with a rod of wonder effect, and a 30% chance to add the rod of wonder effect on top of the spell.

Is this as good as it seems to me, or am I missing something? (I know that rod of wonder is broken, I'm asking about the other stuff, like making +5 crossbow bolts for Launch Bolt, or something.)

[Thurbane]

Yep, it's pretty much that good.

I think it should have just been labelled a Minor Artifact and not have had a GP value attached.