I've had some one ask me for the walk through for the 2.0 so I figure I would post it here for you all.
The following is a copy/paste from
http://www.goberserker.com
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Updated "short list" for 2.0
Prelude:
1. go back to the Hole and Hailed Julei Direaxe. Follow her and retrieve medal for Keras.
The Quest Proper:
"I wish to enhance my axe" ("enhance my axe" also works)
You say, 'enhance my axe'
Keras McArik chuckles as he hears your request. 'I knew ye would be askin' fer this soon enough!' Keras slowly drags his eyes over your axe examining it from tip to tip. 'Ah, yes. Teekan's enchantments have weathered your journey fine. Yet I sense that even that even more may be done with it. Like yerself, the potential within this axe is truly astounding. As the basis of power of yer axe comes from gems and metals I would seek those out. Ye may also wish to look for other items of power that could fortify it further. After ye've managed to procure such things, come back and give them and yer axe to me and I'll see what I can dew fer ye then.'
You say, 'what other items of power?'
Keras McArik says 'I'm no tinkerer so I cannah tell ye what ye should be lookin' fer. Perhaps ye should head to Steamfont and seek out the advice of a Gnome as they are clever folk with all sorts of objects.'
You say, 'what gems?'
Keras McArik says 'I have heard of a Dwarven jewel merchant that goes by the name of Tarvash Scriller that is currently studying the gems found Discord. Seek him out fer I am sure he can help ye with information as he is an expert in all manner of gems and jewels. Ye need keep ye purse strings tightly closed though as I've heard he's a crafty devil with a sly tongue that would surely sell ya the stars if'in he could.'
You say, 'what metals?'
Keras McArik says 'Ach, there's the rub! I dinnah know much about the metals ye brought back the first time as they were all used in those axes. Maybe ye should look for a smith from that area. You must let them look at the axe but be wary though fer little do we know of them.'
So there ya go, the official start of the 1.5-2.0 trek
Three subquests:
1. The Gem - Tarvash Scriller, Bloodfeilds (Bazu Smasher, NC - Faceted Moonstone)
2. The Tinkerer - Greeble Blacktoe, Steamfront ( Lightning Core - Rarish MPG drop)
3. The Smith - Gyrnthynuk(sp) in RCoD (An Aincient Necromantic Shade - Shadowed Bronze Lump)
WARNING WARNING WARNING DANGER WARNING WARNING You can either turn in all 4 tiems at once (gem,core,lump,axe) or any combination of a partial turn in (gem+axe, or lump+core or whatever) and it will not affect your ability to gather the remaining items and completel the turn in. However, if at any point you give Keras your 1.5 axe - it is gone. Gone, never to be seen again.
This is not a bug. The 1.5 is part of the turn-in for this step and will be kept until this step is competed. Even then, when you do complete this part of the turn in you will recieve a "Placeholder axe" with no stats, and gimped dmg/del.
If you value your 1.5 either for the click or for use, BANK all the drops and hold on to them until you have CoA access/can complete the next step (TBD), as you may never see it again until you can complete 2.0
Sharpening your blade
Once you turn in all 4 itmes, Keras gives you back the semi-improved axe and sends you back to Grynthnuk. Who then sends you in search of "the tears of the tortured" from wich you can distill the sharpening agent required for the axe.
text:
Keras says 'Ah ye've returned with the necessary components, me friend? Give me but a moment to look over what you've managed to get yer hands on. Yes, these should do the job quite nicely. We'll see just what potential can be unleashed in this axe of yours. So the Dragorn smith said to reinforce the haft with this ore, eh? I can accomplish that surely. Work with the Moonstone should be easy enough tew as it don't seem to require much enchantment from me. The Lightning Core will require a bit o'work though as I'm not very experienced with it. Still though, I can surely do something with it. I would na ever thought of using one of these on an axe though! Crafty Gnomes indeed. 'After some time and a bit of effort, Keras hands you back your axe. 'Here ya go lad. I tried honing the edge further but I dinnah have a whetstone strong enough. Maybe that smith o'yours can help ye further?'
You say, 'Hail, Grithyank Avlonnon'
Grithyank Avlonnon says 'Yes outlander? What would you have of me now?' You notice his eyes widen further upon glancing over your improved axe. 'So you managed to successfully lace the Shadowed Bronze into the haft as I spoke of. Very good. I also notice this extra moonstone that wasn't here before. As to its purpose I can not speak of.' Running his sinewy finger carefully across the edge he says, 'But the edge here could still use some sharpening. Blades such as this though can not be sharpened by a normal means. No, a blade this strong will require naught but a portion of Discordant matter itself. It has been said that this matter can sometimes be found captured within the tears of those that have been tortured. Return to me only when you have succeeded in finding one. Then we will see how else I can aid thee.''
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After this you only need to get the orb from CoA and turn it in to Grithyank Avlonnon, he will give you the 2.0 at that point.
Personally what I did was I waited untill I had ALL items ready for the final turn in and did all my running around at the end. It saved me the hastle of wondering what I had already turned in or not and it let me keep the 1.5 for the clicky.
Good Luck to yas.