I hate the Deck of Many Things.
OK. There are occasions when using it can be fun – usually when the GM puts his own interpretation onto the cards. I’ve seen a version of it show up in a Mage game where the the draws resulted in the start of a major campaign arc.
Usually, though, the results of a draw from the deck are either insignificant or utterly change your character in a random way.
Where is the fun in that?
A lot of people like the Deck, though. I think this is more due to its form rather than its function. Part of the appeal, I think, is the ability to use actual decks of cards as props. People like drawing cards and having unique effects attached to each card. The Deck of Many things is pretty much the only standard D&D magic item that falls into this category. Sure, there’s the Deck of Illusions – but the cards there all have more-or-less the same effect.
I think there’s plenty of room for more card-deck magic items out there. Any ideas?