I just got this off a Mutant Wolf in Forest of Mist. It's most likely the best thing I've found. With no enhancement it does as much damage as my lvl 15 light bow with +6 and it's got a higher critical rate. I'm going to try enhancing it, probably end up breaking it though, wish me luck...
Well, I made it up to +4 then got greedy. It broke even twice, niether gaining nor losing anything, but I couldn't leave well enough alone... So long lil wolf bow.