There are too many magic items in BG3.
There are too many pointless magic items in BG3. Honestly there's so much that just isn't worth using. Part of that might be a combinatiob of the classes Ive played so far, 5e, and Larian homebrew; Ive not played enough to really know yet.
But so far my best armour option as a Rogue is to take off my armour and use a Mage Armour scroll of which I can get 3 before reaching the Grove. And that is equivalent to the best light armour AC in all of EA. As a Ranger, just knick Lae'zel's set in the tutorial and you have the best available. Both of those are acquired in the first 10 minutes of the game, with 20-25hrs to go of ZERO armour progression unless you deliberately make yourself less effective in combat.
Weapons feel the same to me, though I concede that could be because my characters have all been DEX based and good Finesse weapons are rarer than Strength ones. But overall I agree the party upgrade experience is lacking for me so far.