This does seem like one of the more 'must have' wonder items.
I'd like to see the tracking ability removed and replaced (yes it know it is a very limited version). I'd like to see it saved for a future wonderboots item. Wonderboots could have a couple/few limited tracking abilities, the sprint ability, and function as the long requested catacombs substitute.
You tell Wyrden Ravager Tarken, "Come to Gaudiguch. I'll give you the title of Grand Moth."
Eyes peering skywards as he thinks, Ironbeard the Magnanimous says to Sksez, "Welll, on my gooD lis *hic* t, we have....Stei *hic* ng *hic* rim.U..Xypherv....Luu *hic* hghaigh *hic* hhe....Breandryn....."