For a long time it's been pretty unloved. I've imagined since Duskblade came out that it should have a mini-duskblade passive on it (As Runic is to Luden's, as Cinderhulk is to Sunfire, etc.) just to make it more interesting.
As the item stands right now I wouldn't mind seeing 10 lethality on it because of the more healthy way Lethality acts. When Warrior used to have armor pen obviously that had to be taken off as the early game power was too much, but with the way Lethality works now that is no longer the case. It would really help Warrior junglers.