Absolutely. Perhaps if they significantly lowered drop rates in these games and stopped using so many "tiers" of gear it wouldn't be so bad for me because it would still feel somewhat exciting when you found an upgrade. All I know is I was much more excited when I finally made my first Bronze Haubergeon in 1.0 (which was only like a level 12 piece of gear) than I am now looting even the best of gear in Tera/Swtor. :/
I always hated it when games give **** armor as loot you have to then unload. Torchlight in particular drove me crazy with all the junk you accumulate.