QUOTE (Muspellsheimr @ Oct 24 2008, 05:25 PM)

It is a circumstantial damage reduction, for a variable amount, with effects on a select few other spells.
Magic Resistance (which I consider crap, by the way), is indirect damage resistance vs. spells, with an increased chance of resisting the spell entirely. Out of how you believe Arcane Arrester works, & how Magic Resistance currently works, they are at best equal - I would still prefer Magic Resistance in nearly any circumstance - even if Arrester cost 10-15 BP.
At 25 BP, it is not overpowering if the adjusted Force is the limit on spellcasting Hits, & is actually worth taking.
It is not circumstantial. All base damage would be halved. To make comparisons, I'll do arrestor vs rtg 4 magic resist.
Assuming all stats at 3 for the guy with the qualities.
Manabolt:6 6 hits by magician
Arrestor, 1 resist hits, 5 net hits. Base damage halved to 3. Total damage 8 instead of 12.
Magic resist, 2 resist hits, 4 net hits, Total damage 10.
Flamethrower:6 6 hits.
Arrestor, 1 dodge hits, 5 net hits. Base damage halved to 3. Body + Armor resist 2 hits (6 armor), 6 damage instead of 12.
Magic resist, 1 dodge, 5 net hits. Body + Armor + Magic resistance 3 hits. 8 damage instead of 12.
Even lower force, arrestor is still better.
Manabolt: 4 4 hits by magician
Arrestor, 1 resist, 3 net hits. Base damage halved to 2, Total damage 5.
Magic resist, 2 hits, 2 net hits, Total damage 6.
Flamethrower, 4 4 hits.
Arrestor, 1 dodge, 3 net hits. Base damage halved to 2. Body + Armor resist 2. 3 damage reduced to stun.
Magic resist, 2 hits 2 net hits. Body + Armor + resist 3 hits. 3 damage, still physical.
Now, really low force, resistance wins.
Manabolt: 2, 2 hits.
Arrestor, 1 resist, damage halved to 1. Total damage 2.
Resist, 2 hits, spell resisted, no damage.
Flamethrower: 2, 2 hits
Arrestor, 1 dodge, 1 net hit. Damage halved to 1, Body + Armor, 2 hits, damage resisted totally.
Resist, 1 dodge, 1 net hit. Body + Armor + Resist, 3 hits, damage also resisted totally.
Arrestor is clearly better than resistance.