I like that too with a rich history and i think they can bring the forgotten realm Lore into Buldurs gate! But not only a story it needs physical history where it was forge like in Lords of the Ring! Create fear and terror and a very fluid landscape where things are changing and suspense is building!
I would like to see that in the game where an item is more then pretty visual or empty stories but connected to the world not just level 10 wand with all these buff lying around. Someone could be wanting it back and NPC already are doing investigations maybe they are spies that can track down these items if you stole them or took them and send wrath after you to get it back!
This makes items more meaningful in the world and more suspense when the lead enemy is after you to take it back!! One Ring to rule them all