This site describes the Red Ring as follows-
DFP + 215
EVP + 237
EFR + 30
EIC + 30
ETH + 30
EDK + 5
ELT + 5
Class = Ring
Required Level: 107
Stars: 11
Description:
"Red ring. It looks like there are a total of 7 colors."

Now, I was playing on the XBOX version tonight and I saw someone with one. He let me see it and I was amazed... First off, this site says it's not available on the GC or XBOX version at all, so that's obviously either misinformation or this is a hacked item. The stats of the Red Ring I saw tonight were different- it had a level requirement of 108, and it added 20 to ATP, MST, ATA, and LCK- as well as the stats shown above. It was basically the best shield I had ever personally seen, and I have no idea as to how this person obtained it, and why it's so much better on the XBOX version. (Where it supposedly doesn't even exist.) Can anyone provide an explanation for this?

Also, I was wondering- if I had 100 Luck, would the 20 extra Luck be wasted, or would it boost it to 120? From what I understand, the stats of a shield aren't added to your base stats like units are, but instead are just added to your total. If anyone can explain this in more detail, it would be greatly appreciated.