Caliban said:Blink says that you get a 20% miss chance, and it states that it is from something other than concealment. If it was a miss chance from concealment, it would say so, as it does when referring to the miss chance for opponents who attack you.
Not to mention that the usual wording for those things is akin to "grants Concealment (20% miss chance)", and not "grants a 20% miss chance".
It's crystal clear, really.
Not to mention that it's not overpowered at all. You usually spend the first round of your combat casting it or activating your ring and when battles usually last 2-4 rounds, that's a huge cost. And it's not like getting sneak attacks is hard without it, either.