Yeah, you do.

Everyone can loot it, there's no cooldown. It's worth checking to see if this one is functional though, the following guide says it's broken (info could be out of date). http://www.swtor.com/community/showthread.php?t=5879

If an item has the [Prototype] prefix it's a dropped item, not a crafted one. In this case it doesn't relate to the quality of the item. I've seen this on both blue and purple items but only the purples seem to have slots (except bracers and belts, which have none). It may only appear on dropped items that are also craftable...just guessing.

Longspur Scout (90% speed) - Can drop from the final boss in The Foundry (Empire) and Maelstrom Prison (Republic) Longspur Recon (110% speed) - Purchased for 750 Warzone Commendations and 750 Mercenary Commendations from the "PvP Items" vendor on the fleet station Longspur Blaze (110% speed) - Purchased for 200 Daily Commendations from a vendor on Ilum