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Take up a spot for much better items.
I feel like I'm gimped if I decide to take one with me, like... too gimped.
If I'm gonna fare against the enemy AP, and they didn't take a lantern, took AP instead, and something happens, I get to die because I wanted vision.
I like the risk/reward factor, thats good...
But lets not throw a team fight because I wanted vision. I think you should boost the lantern stats or put the effect on better items, or create a better mid to late game item with that vision effect on it. I just need something that's not damn near a complete waste of space in my limited inventory.