[Wyatt Hebert]

Oh, geez, someone had to make a thread that begged a response. Let's see if I can make a good ring or four.

The One Ring
+3 to all Magic Paths
Insanity
Immortality
Ethereal
Horror Marking

Narya, the Ring of Fire
+3 Fire Magic
+30 Standard
Reinvigoration: 5+
Auto-cast: Relief

Vilya
+3 Air Magic
Air Shield (100)
Shock Res 100
Probably a few other things

Nenya, the Ring of Adamant
+2 Water Magic
+2 Earth Magic
Invulnerability
Poison Res 200
Something else

Dwarven Ring of Durin's Tribe
+2 Earth Magic
Doubles Income in province


That's what I can come up with so far.
You _could_ also make the One Ring only +1 to each path and have it cast Hellpower at the beginning of each battle. That would be quite interesting and give you the +3 to all with the Horror Marking.

Wyatt