Your right, it's wrong way round, and yes i saw these both in AH too, so its confirmed. Thats why the +1 is so freakin good, no latent regen, constant regen.
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Sebenoth Dark Prince of Shadows Nin75 Cor75 Drk75 SM(done) BM(done) WM6-2 ZM(done) PM(done) TM25
Wrong, both have Regen all the time. Neither has any sort of latent effect. The only difference between this and the NQ are 1 extra DEF, STR-1 instead of -2, 1 more AGI, and 2 more throwing skill.