He is absolutely fine for newer players. It would be nice if he had at least [i]something[/i] to offer vets though, beyond the occasional tasty roll (see last weeks Skullfort for example).
I assume he'll begin to sell Forsaken Exotics once Black Armory drops though...
[spoiler]Key word - assume[/spoiler]
English
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Yeah, he's a good noob vendor, but I think he can work so well for both noob and vet. I recommend you watch the video, I think you and I could agree on the improvements I suggest in the video.