This product is a good grab and is great for quickly generating random magic items. One of my biggest gripes with the 3.5e OGL rules is that they don't cover many magical items. They DO cover a bunch of powers that you can combine to create magic items, and the rules for doing so are workable, but a table to actually generate the magic items would be very helpful indeed... and here it is! So if coming up with your own magic items gives you a headache, then definitely grab this!
My only gripe is that the second step (2nd of 3), which involves selecting the "base item", i.e. is it a bottle, a sword, a suit of armor, etc, is pretty heavily focused on armor and weapons. That being said, if you don't want the PCs to find another weapon, then just omit this step entirely! So I'm not gonna take off points for that.
[5 of 5 Stars!]