Inno, its only broken like it is now. Its the old version of Dota's Kelens Dagger of escape - i wrote that part in another thread already.
It was also broken in Dota, but they made a little nerf which changed everything.
They added following rule: Whenever you get struck by any hit/spell, the Wand of Elusivness (in demigods case), will be disabled for 3 seconds.
So the item is good for initiaiting fights. Else all tanks are more or less usless against good players, since they just kite you until you're dead. With the change, you had to stay out of range of the battle / demigods / creeps and wait to find the right timing to jump on someone.
With the change the item makes it possible for slow heros like Rook to come close to guys like Regulus with a slight chance of not being kited - but i've to say, all i've said now is only true if the stuns are not broken anymore. So, since i know this item from Dota very well, i can tell you with the change its still a good item (well it costs 9k) but not broken anymore.
Right now im not sure, but does the Artifact has some additional stats? Then i'd say remove it, the port itself is strong enough.
Edit: Ok, one thing i missunderstood. I thought the big scroll for 2.2k were a consumable which teleports you to any point of the map for 1 time, which is quite good, since you can jump right into a fight from anyplace you want. Sure, i thought i'd had a cast time. But what you tell me there, is just blaaah. So its a Wand of Elusivness with more range but a cast time? Thats kinda usless imo.
So long, Aspartem