Whispy Ring

The Whispy Ring appears to be a band made of nothing but a whisp of white smoke. However, it feels like solid metal to the touch.
*The weilder can become incorporeal and/or invisible at will. His base speed becomes 80 ft. in this form.
*The weilder can use Dream Sight, as cast by a 10th level caster 3/day.
*The weilder get s a +10 bonus to Move Silently and Hide checks