No, it doesn't. That being said, it's the first legacy item that you can place crystals into. Let the Imp to Pub crystal smuggling begin!
It's amazing how many people don't realize that you can use these items to transfer BARRELS and CRYSTALS to the opposite faction now. If you're leveling alts (like this game is designed for you to do) you should be extremely happy and start pimping your fresh 50 alt out with your geared 50 toon's left overs. It might cost you 55k'ish per full move (removing the barrel from one, placing in BoA weapon, Removing barrel when it's on opposite faction, but still. Saves you the burden from having to pug and pray on that new toon, right?