1) Yay for infinite scrolls of Shapechange, and infinite Nightsticks, and I'm going to have to pick up CWI and just give myself A super powerful item for every slot.
Can we please not kill the game by ignoring one gentlemens agreement after another until nothing remains but sicking our gated prismatic dragons against their gated Prismatic Dragons?
Ruffles, and sourcream.
You'd get 8 slots max, not the bullshit Diablo magic item slots system.
Each activated Nightstick would take up a slot, since they are continously being used for their effect. Also, you would have to have a slot free at all times if you want to use a scroll or other such use-activated item.
So, -1 Slot per Night Stick in use, -1 Slot to be able to use a use activated item; that's at
most 6 slots left.
Looking at your character sheet I see...
You have an int boosting item, 5 slots left
You have a con boosting item, 4 slots left
You have a dex booster, 3 left
Orange Ioun Stone, 2 left
Boots of faster movement?
[+10' per 1/3 of your caster levels (round up) [+50' of speed], 1 slot left
Handy Haversack. No slots left.
All of your other items wouldn't work. Just an fyi. You'd get 1 slot back if you don't use any night sticks.
I'm guessing you can see how that balances itself pretty easily. Most characters have to prioritize certain things, and select items that they consider crucial to their character.
Also, the only things that wish economy would allow are either things that give numerical bonuses (and scale) do not provide a numeric benefit usually reproduce the effect of a spell, and are caster level 5 or less. So, the Wands with level 3 spells are minor, the ones with level 4 spells can't be wished for.
All that you'd get is not having to do book keeping for useless items that you don't care about, or having people seriously
care about looting the mundane gems that encrust a statue. Really, when the PCs sit down and try to pick up as many gems from a fiends hoard, even if they take 1-3 points of fire damage per gem (and heal it with a wand) the game is more about Taxes and Tariffs, than Dungeons or Dragons.
In
any case, this is all a large aside, and this game is being run differently from what I described above. The rules for current play are set, so let's roll with them. If they get changed, that's cool, but this works as well.