Shayuri - Hmm, you're right about the GP, Guess we all make mistakes. Roronoa might be right about the miscalc, I'm not sure what happened.
As far as the +6 rod of splendor, I'd allow it as a 50,000 gp item, and yes it just needs to be possessed - Though I rule that it doesn't count if it's in an extradimensional space, so wear it on your belt or something.
Myth - Don't worry, If it takes you longer I'm willing to write you in as having to catch up, I'm just really anxious to get started.
Lets see what you got so far, and I'll see if I can help.
Salthorae -
You'll have to remind me what the book of knowledge does, I can't remember nor find it in the thread.
My calculations say you've spent 17,405 gp more than your limit, you may want to re-add yourself to doublecheck.
That's all for now, I'll look in a bit more detail later, but I gotta get goin.
Did I miss anybody's questions? They seem to have been answered by each other.
ALSO, Could everybody who has crafted items make a note somewhere under their equipment entry as to who crafted it? It doesn't have to be for every item unless different people crafted different items, just something like "Items crafted by Sigil"