Actually right now wands are HORRIBLE in the greater scheme of things. Their damage is pathetic compared to (cross)bows or melee and even Staves do more in a single shot (though they are limited to the one shot). That they compare favorably with spell damage only shows how far the nuker-mage has fallen.
Actually the entire mage class needs buffs. They are basically overshadowed in every way by warriors and rangers. Their damage is horrible across the board. Their CCs are too expensive AP-wise with too long a cooldown and too high a level requirement, their buffs and utilities are too easily replicated by a single skill point dip into the right class.
