Well, it can have its place:
But I strongly agree on Eldritch, Of the Hurricane (which probably should have something like +2 to Wind Devil or Maelstrom thematicaly), and Hyrian’s Bulwark. The most concerning thing is +3 to Celestial Presence (it’s a tri-ele shield… why would you need only fire RR?) and lack of % DoT.
So personally I would replace +3 to Celestial Presence with +1 to Soldier to open up some more options for elemental Cadence rather than just going DW on everything. % burn, frostburn and electrocute should also be added.
Nightblade part of it is somewhat questionable, but I guess the idea was to use it on Mageslayer somehow? But then this shield would need some % AS and CS to support both casting and melee side.
Granted skill is a difficult case: its CD is low enough to be semi-spammable, and DR is applied only for 2 seconds. This means you should use it as soon it’s off cooldown to maintain this Damage Reduction. Unless you play Inquisitor of course - in that case it’s unnecessary. It’s also a bad proccer because of low CD.
Oh, and one more thing (the most important one): this granted skill uses generic casting animation instead of Forcewave one.