Well it doesn't feel legendary anymore (has never felt at all?) to loot legendary gear on D2. I literally loot more purples than blues. There are a handful of greens and whites mostly just in legacy tutorials ... bring back some order and balance in the loot system?
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Loot felt meaningful in D1. Exotics were the white whales to chase and legendaries actually mattered as well. Legendaries are basically just the baseline at this point, you could do away with the white/blue/green gear and it wouldn't make a difference to the game whatsoever.