Different quality of base wands yield different spells. It also affects the damage the wand deals, but the higher quality wands deal less damage. So it's a trade off if you REALLY want that free higher level spell or not. That part is already in the page. Feel free to take a look.

The question I have is regarding the "crafting of inert wands" which according to the patch notes for the EE, you can do. Note that it doesn't say crafting inert wants, it says that you can create an inert wand! smile