I had originally planned on TR'ing my 12 wiz/6 ranger/2 monk 3 times for the free +6 Spell Pen simply for the ability to throw Waves of Exhaustion from a scroll.
13 (scroll caster level) + 6 (past life) + 3 (enhancements) + 4 (feats) + 3 (Greater Spell Pen VIII) + 1 (guild buff) + 6 (Impr. Shattermantle) = 36 + d20
While Waves is still a good debuff, I don't think it's worth the additional TR. Remember, anything worth grinding is worth nerfing.