Random loot is fine (imho) but in this particular game I find it poorly implemented (esp when compared to Larian earlier works). As i commented in other threads; your better off shopping in the stores and crafting items than searching the world for secrets and surviving in the wilds (with regards to loot; this comment only pertains to loot). Most of the time when I finish a hard fight; and examine the drop loot or open the majestic chest (some hidden); there is utter feeling of why did i bother with the loot it is worthles.