I can see both sides yhis.
By the item itself being considered lore, it could lead to over use or even being used in an over blown manner that it could lead to a negative stigma being place on even well reasoned and thought out story lines that uses it.
But also in addition to the IC possibilities that the effect can offer, it can be a good out of character tool. Say you feel your current character has gone as far as you can go with it, or your character story line is coming to an end via death or retirement and you don't want to discard all the work you put in leveling jobs/classes/tradeskills and gathering gear, it can be useful to create a brand new character without starting over completely.
By the item itself being considered lore, it could lead to over use or even being used in an over blown manner that it could lead to a negative stigma being place on even well reasoned and thought out story lines that uses it.
But also in addition to the IC possibilities that the effect can offer, it can be a good out of character tool. Say you feel your current character has gone as far as you can go with it, or your character story line is coming to an end via death or retirement and you don't want to discard all the work you put in leveling jobs/classes/tradeskills and gathering gear, it can be useful to create a brand new character without starting over completely.