I have a 54 Wizzy on Blue99 and I can say that LFG-time as a Wizard really is the most unfortunate aspect of the class. You're like to be spending a lot of your time soloing once the next patch hits and you get your "Bonds of Force" spell. To that end, I strongly suggest getting JBOOTS. On the other hand, I will always welcome Wizards in my groups. They actually offer quite a bit to a group insofar as the ability to root-CC and chain-stun caster mobs. Also, of course, the ability to simply burn down a bunch of mobs in the event of a bad pull. This is quite useful on Green/Teal where players are untwinked. I think LFGing will get a bit better once Chanters have the ability to give you Clarity.
Grouping aside, once you're able to quad-kite you will be one of the faster leveling classes. In fact I have trouble grouping my Wizzy on Blue not because of the "LFG-time" but more because group XP is just ssssooooo slow compared to quadding. And this is to say nothing of PBAE groups. Burning down 25 mobs at a time in zones like Skyfire is incredible XP and feels really great as a Wizard.
Additionally, you will be highly sought after by raid guilds and Wizards are a relatively underplayed Class giving you essentially your pick of the litter when you start guild-shopping. Those Mages won't be able to use pets on raids and their nukes will never land on raid mobs either. As a Wizzy you will be the best raid-DPS during Kunark. In Velious, once you have your Dragon/Giant-bane, you'll be incredibly powerful as well.
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