Wizards are already valued in raids and Velious doesn't do anything but make them good for raids.
FT gear is basically all end game and only helps a little bit.
IIRC Wizards only got decent in groups with PoP because of the improved familiars, AAs, and Iceflame of E'ci allows you to do mana efficient DPS with Ancient : Greater Destruction of Ice and the other ice spell I can't remember the name of.
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