In Wrath of the Lich King it is item level 226, requires level 80 and is named Dreamwalker Spaulders. In MoP Classic it is item level 213, requires level 80 and sells to vendors for 1c.
Read from the World of Warcraft client build files.
How Valorous Dreamwalker Spaulders Compares
Who It Suits
Leather is the armor type Demon Hunter, Druid, Monk and Rogue wear. With Agility or Intellect, Valorous Dreamwalker Spaulders suits Assassination, Outlaw and Subtlety Rogue; Brewmaster, Mistweaver and Windwalker Monk; Balance, Feral, Guardian and Restoration Druid; Havoc, Vengeance and Devourer Demon Hunter.
Similar Items
The 10 items nearest to Valorous Dreamwalker Spaulders (item level 35) in item level among Armor > Leather, Shoulder slot, from item level 32 to 39.
Items Numbered Next to Valorous Dreamwalker Spaulders
Blizzard numbers items as they are created, so the named items next to ID 40465 (40459 to 40470) were usually added in the same batch as Valorous Dreamwalker Spaulders: the same quest line, zone, vendor or reward set.