Indeed. Most fun item in the game for me and one of two reasons why I spend most of my time in the mistlands now. Yet it could use some nerfing. I wouldn't mind having to quaff the cold res mead every 10 minutes or so. I no longer know what to do with all the honey anyway. Thistle is plentiful, bloodbags too easy to come by and don't even get me started on them greydwarf eyes.

Even at level 2, it should wear off far more quickly than it does. Certainly more than any of the other capes.
And even with all these nerfs, it would still be op af and still the most fun item. :-)