a Player i play with has taken regular leather boots and had them enchanted with FEATHER FALL as well as some kind of Speed spell which grants +2 to initative and lets him travel at 40' a round instead of 30'.
Being able to move quicker and being able to fall distances without hurting yourself is quite an awesome thing to be able to do. If you come across a Bridge that doesnt look safe let the player witht the boots go first. If the Bridge collapses than the feather fall will ATUOMATICALLY activate and he doesnt get hurt.