I actually don't mind encumbrance and separate inventories simply because it does actually cut down on how much you carry around. As you start to become encumbered, you start to feel like, "Dang. I really need to go to the merchant and get rid of some of this stuff." So, in that regard, I'm fine with it.
Same here ...
Even tho i must admit that i would not mind if the game would send "autolooted" items to one of my followers completely empty inventory, once im, or even better would be Encumbered ...
I may be triviality ... but when i create my Custom character i want to play my Character ... and it would feel much more natural, if i would not switch to Lae'zel or Shadowheart after searching every crate, or corpse in order to loot it. :-/