Yup, exactly what it's made to do. Will be able to search based on a variety of filters such as Level,Item Types(including the various weapons) , Skill Requirements(Str/Dex/Int) and the various stat bonuses(Crit, Dodge, Hs, Ms, etc) . I just finished up the search feature and we're going to be testing it on our end for the next couple days to find any bugs and will make sure it's posted here on the Forums when it's ready for the release.

We're of course still in the process of adding items to it as well so you wont find EVERY item in the game just yet, but hopefully with enough help and man power we'll be able to get it up and running.