We allowed our True-Namer to take one. His impossibly high True Naming checks makes him very decent. We ignored everything else. I would never allow it as written.
Really . . . I guess I don't roll with nice GM's.
I break people's stuff all the time. Bebilith's have ripped a few armors to pieces. I had an NPC break a PC's Vorpal Sword. Had another guy get pinned, have his continuous vigor amulet ripped off an swallowed [Although he did get it back the hard way]. My Low-Level Artificer had his crossbow busted after he surrendered a fight.
My player's tend to break stuff too. There is a subconsious "oh no I could have used/selled that" cry but then the "I guess I couldn't use/sell it if the enemy beat us with it". Plus we don't usually play the roving band of murders who kill [bad] people and take their stuff.