Torc of Psionic Might cost?

[Zhure]

From the SRD:
"Torc of Psionic Might
This is a band inlaid with precious metal, worn around the neck or upper arm. The wearer manifests all powers by paying power points equal to the standard cost -1 (minimum of 1). This does not change the cost of 0-level and 1st-level powers. Thus, a 3rd-level power costs 4 power points to manifest and a 2nd-level power costs 2, but a 1st-level power still costs 1. Psionic creatures that freely manifest their powers gain no benefit from the torc of psionic might, nor do nonpsionic creatures.

Manifester Level: 14th; Prerequisites: Craft Universal Item, emulate power; Market Price: 10,000 gp; Weight: 2 lb."

Is this too cheap?

 

[pontus]

I think the price is OK. Sure, it's a good item, but the psion needs if he doesn't want to get out-casted by the sorcerer.

 

[Zhure]

**coughbumpcough**

Looking for more input, please.

 

[Crom and His Devils]

At first, I considered it too low, but after playing a psion with one, I don't. -1 to power cost is nice, but nice on the level of boots of striding and springing, and other such magic items. Now, if the torc halved power cost or some other similar effect, then we'd be talking an item that would need a much higher cost.