I've made a small base there. The terrain isn't conducive to a big flat sprawling base, but it's kind of fun to make a multi-level vertical base there.

What I really want though is for some seekers and gjall to finish off the Dvergr at the Tower right next to where I built my small base so I can absorb it into the base.

Would be cool if the Developers added another tool or two to help with traversing the terrain in the mistlands though. I'd like a Jump spell added to the magic system, or even better, Boots of Striding and Springing that you could craft at the Black Forge and wear.