I am a 17th level sorcerer on chapter 7. I have to admit that having a familiar was very cool in the begining, but now I just keep it in my backpack since it dies so easily. I only have 2 characters, so it takes up needed space. Is there any way to make it better or get rid of it without losing 1 Con? (I have a Psudo-Dragon)

I agree that having a familiar is about worthless after the second chapter. I haven't found anything really worth while about having one in the game.

Extra hit points for an Mage are always worth having so I don't begrudge Georgina (my pseudo dragon) her slot. Only let her out on 'large' maps where I can keep her safe an then use her to hunt down 'yellow' enemies as they try to flee. My main disappointment was that although she can 'fly' she still only crosses water etc at bridges so doesn't give me improved scouting!