It IS amazing how many people already started talking about the usefulness of this cape and missed the +7 CHR, which makes it uber 1337 than all other BRD capes ^^
For solo this is better than a Jesters, of course, but for anything else it's certainly not (nor is it better than a blue cape if you want mp instead of the chr). You ARE allowed to carry more than one back piece you know, you aren't limited to having one or the other.
I'd probably use an amemet (even the NQ) over this for soloing anyway, unless you were going for a heavy evasion setup, and bards don't generally solo things that are anywhere near the level where you would need a lot of evasion to deal with anyway. Also, there are more slots that you can use for soloing gear that give accuracy than attack, even without looking at expensive stuff like a PCC. There's o-hat, battle gloves, verener ring, SH, gleeman's belt...there's not nearly as much gear that gives +attack, and definitely not the +15 from an amemet +1.
You'd figure it would have some awesome stats. Possibly replaceable to the Jester's Cape... but no. Accuracy and Evasion. Meh. I'll keep my Jester's Cape.