OH MY LORDY ITS A PALATIR! You discovered it awhile ago? I recommend making a wiki page! FIRST DISCOVERD RENEWED EASTER EGG!!!!!!

And also, how do you access it? I feel like it has something to do with servers...

A palantir is a dangerous tool, Korokan. They are not all accounted for, the lost seeing-stones. We do not know who else may be watching.

I think it's just a normal unobtainable item, like the story items in legacy. I reckon Mevans just felt like adding something new, and made it for the future.

Lol. You can access it in creative mod. Just search in the inventory in creative mod and you will get to find it. and yes, I discovered it the last week.

Oh! And don't mind the elves and the structure. They aren't implemented naturally. I built them all myself to make a good environnement for the picture. I'm at top of Elostirion in Tower Hills.