Oh of course...I came late to the party when SE decided to nerf/cap parry(I'm bit of a fan of the concept in combat). I'm never thrilled when I get a piece of gear with parry on it. And wow this thread exploded since page 1 @_@.Actually no, Foresight is better. Foresight offers a 20% boost to p.defense, which translates to about 8% p.damage mitigated for its duration. This is not really useful for tankbusters and yeah it's a weak CD, but it helps smooth incoming damage just a bit.
Parry (the stat)... it's difficult to even get to a 1% difference for the encounter and it's active full time.
Now obviously the CDs that give very high boosts to parry/block are good, but the stat... well, see my post above.
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