The pummel brace is actually good, but personally I prefer pummel mordy brace (because the necro bracelets dont add anything good besides cooldown reduction, while mordy brace adds pummel direct dmg, pummel skill pts and melee combat)
Actually not good. Actually what you said is exactly my point. You would use other braces because they are better.
A 20 or 25 percent cooldown reduction in one skill is a pointless use of brace slot vs mord (dmg, skill points and ability increase) hrung (auto dmg, ability and other increase) or even aggy (75 stat increase and skill point AND ability increase).
And this is just one example. Go look at the rings. More than half won't be used.
Weapons, which are cited as the main draw for killing it are nice...but mage and druid go unused. Swords are really questionable (most i think prefer blunt or mord spear) and this leaves you with 2 of the 5 possible weapon drops having any playability.