Question about Ivandyr's Hoop

[xblade724]

Hi i'm looking here:

http://wiki.project1999.com/Ivandyr%27s_Hoop

Someone claims it's not spammable, but others say it is spammable (just semi nerfed).

Can a staff member please confirm: is this spammable? From what I've read, this got nerfed, but in other ways:

1) It's more rare to get now
2) It's now resistable
3) You can't recharge it

From what I can tell, you can still spam it, it's just less useful. Correct?