Pulled this gear, extremely short of funds trying to gear up some new characters on a new server and was looking on the AH for some pricing. Fair to say I was a bit astonished at the pricing. Is the gear really that rare of a pull? Is it really that great? Should I just keep it? And for what class of character is it best used?

I saw one on the AH for 500K gold and a bunch of others starting around 2 mil gold. Realistic prices? Go easy on me, I've been away from DDO for a while (obviously quite a while based upon this pricing).