Someone answer this for my clarification, I've been gone too long.

Yes, the text on the equip is blank when on a stunned character, but it remains equipment, and can be transfered or KO'd as normal.

Nope, one of the restrictions of transferring is that you cannot transfer to or from a stunned character.

I was pretty sure that I remember that you can't transfer equipment from a stunned character, Also Can Flamethrower be negated by Sentinel Mark II since it's a character effect? Just curious.
Alex

I knew not to, but not from either huh, well there you go, I know you can KO it for Steel, guess I should'a looked up the rest.

I still haven't looked it up, but I'd defer to the complex on this.

SM2 can't be used to negate Flamethrower. This is because
a) FT isn't an activated power; an activated power uses the word "Activate"
b) The source of FT's effect on the chain is from an equipment, hence it is a equipment effect.

I thought when a piece of equipment was put onto a character it becomes part of the characters text, effectively?

No, it doesn't. (An equipment can however give a character text)
SM2 can negate the above payment power because it is on the character, and is an activated power.

oh so for advanced harware, the source of the +3 is the equip but, when used, the source of the burn effect is the character? also what was the answer to this thread? did you say you can ko but not transfer?

From the Comprehensive Rules:
However, if you have an equipment attached to a stunned Random Punk, and have JHI in play, you may KO that equipment for his payment power.