I actually like the armour system. The only thing that bugs me is that vitality is worthless, therefore the constitution stat is useless save for a couple points to equip a shield, and the picture of health trait is then also useless. Having more vitality doesn't benefit you in any way.
I've also found with my necromancer that life drain is useless, he's either better off not getting hit or taking damage to 1 vitality with living on the edge. I'd love to be able to make a viable build which makes use of life drain with things like shackles of pain to use health as a buffer to sustain damage instead of armour, but it's just not a good build because they'll get chain CC'd.
If you don't like the armour system then that's a whole different topic, since I for one do like it. The issue here is that vitality/constitution is currently useless.