First, let me say that I'm not looking for Diablo-style sprays of gold and fancy objects every time I kill something in this game. But does anyone else feel that we're not getting much satisfaction from the loot aspect of the game?
For the majority of Act 1 the Wizard in my party has been running around with the same robe he started with. My MC Rogue/Thief has his same armor. Everyone has +1 melee or ranged weapons now, but there are few variations to choose from, to fit my play style. No belts, no rings, just one amulet (talk to the dead) that's only useful out of combat.
I realize there are balance issues, and we don't want a level 1-4 party overpowered. But I think Larian could do more with variety of lower-level weapons and armor of roughly the same level. It would give us that occasional thrill of finding something special when finding a fancy chest.
My wife and I played co-op through the BG games and the DOS games. She's one of those magpie players who has to loot everything in sight, and enjoys the variety of new things to wear and use. I haven't tried co-op with her yet because we'll wait for the full release, but so far I don't think she'd like this game. The loot is unappealing, and I hope it's just because it's EA.