Lockpick is broken, literally. Pickpocket is broken, but the other way: it's laughable how much you get from every merchant with a mere investment of a skill point or two. Embellish? Wisdom? Not literally broken, no, but worthless.
Oh, right - forgot about Lockpick having no function whatsoever. Pickpocket I put down with the sheer amount of joy there was to be had in turning into a spider and biting unlikable merchants in DD -- a glorious cheat. But yeah, I see your point -- stealing a bundle of splitting arrows and all the character's money is a ludicrous way to get rich quick.