I am also really disappointed with it. I have Volo's eye but it does not seem very reliable. I got to that fight in Act III that I assume the rest of you were referring to and it was absolutely awful. Not only did Tav fail to see most of the time even if he does spot one it just goes invisible in the next 2 turns again. I didn't want to fireball the place, that seemed rather immersion breaking for me (because you're in the house and I wouldn't want to set the whole house on fire). Not only that but the enemies took forever to act. So I would wait 5 minutes for them to run around, Tav would fail his checks, and my character would have nothing to hit and nothing to do. I see you guys talk about the elixir and I saw online that a see invisibility elixir can be made with a Nothic Eye but I have no idea where to get that.
That is a really frustrating fight and not well balanced at all. And the see invisibility ability/spell is poorly described and not well balanced either.