You've probably found this out by now: items are not always the same in this game. The first time I played, I nicked that armour of George and it was fantastic: had charm 5 and a couple of good attribute boosts as well as some minor elemental resistance on it - it was the best armour in the game for the next 20 or 30 levels!
Last game I started, it had 0 attribute boosters! Niente, nix, zilch. Incredible.
So if you want a good armour, my advice is to trawl for this one - i.e. save before you move your cursor over it, check out what you got and reload if it was a load of (carp). It seems to have potential for being exceptional, anyway.
-Peter
