So, the patch will be late, but it's only partially my fault.
You should really all blame Hessup.
Aside from the new elemental system revamp we're going to add a few more custom items.
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Well, it has 40% critical chance, but you'll notice that when you're standing around many opponents you're going to rarely land a hit.
This is because your attack speed and miss chance are changed based on how many enemies are around you.
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With the elemental resistances capped at 75, this item raises you maximum elemental resistances by 10 allowing you to reach 85 elemental resistances.
Any incoming elemental damage will be reduced by 85%, making this item give you an approximate of 8% damage decrease against enemies that use elemental damage.