Thanks for any help.
So, after looking around other forums I went to SE's support page to contact them and found that they have posted known issues from the patch earlier today:
We would like to notify you of the current major issues as of Nov. 29, 2010.
- Unable to complete the local levequests where "Teak Lumber" or "Teak Plank" are assigned as leve objectives.
- There are times when the offer status on Guildleve is displayed improperly and players are unable to complete the quest.
- There are times when action icons are grayed out and unable to initiate them.
We apologize for any inconvenience they may be causing.
Looks like this is a patch issue. Hope they resolve it soon... I kinda miss using my shield.
Edited, Nov 29th 2010 8:48pm by ShiggyPop