So, I was looking at the thread to see if anything new was posted, and something occurred to me...
Absolutely not, and you are only thinking that because, like many people, you are thinking that EGW says something like "you get an extra spell slot equal to your highest level spell slot". But it doesn't say that.
Much like how the italicized portion came up with regards to the EGW "slot" not "floating", the bolded portion means that until you know and can cast a L9 spell, your extra spell prepared in the morning cannot be a L9 spell.Originally Posted by Races of the Wild
Again, a level 1 EGW with Precocious Apprentice prepares an extra L2 spell (which must be a second iteration of the spell chosen with the feat). That's the only way to get the EGW bonus higher than L1 at 1st level.
I'm actually baffled by your acceptance of this, given your opposition to Elves and myself earlier. Unless you have realized you made a mistake before and now recognize that were are correct about Alacritous Cogitation and Versatile Spellcaster . Because it's the same kind of lens that one looks through to see this trick.
Both are perfectly acceptable, given a literal reading of the RAW, but are almost certainly a violation of the RAI, at least it seems that way.
Because that means that AC gives a wizard the prerequisite "ability to spontaneously cast spells" for VS*. And VS does not hinge on language like "one of your spells known" or "spell from your Spells Known List". It says "a spell that you know", using the same text that AC (which is explicitly a wizard feat) uses. So, for example, a Level 6 wizard who has AC and VS may expend 2 L2 spell slots to cast any L3 or lower spell that is in her spellbook.
Is that overpowered? I would say yes. And at my table, I would probably not allow it. But I acknowledge that such is an exercise of my right as a DM to prohibit things at my table.
*And remember, even using the RC quote that you provided, spontaneous spellcasting does not say "must not be able to prepare spells" but rather "has a daily allotment of spells that can be cast without preparation". And Alacritous Cogitation gives a wizard such a daily allotment -of one spell.
Now, if you have recognized that you were mistaken, please say so. I would be happy to drop the matter.