What I hate about random drops most is being the underdog, fighting my heart out against someone with better gear and more of an advantage, pulling it off and defeating them, then I get a random bunch of nothing.

If you carry the best equip with you and that equip gives you an advantage, and I overcome your advantage, have I then earned the right to your advantage? Doesn't this diminish the value of gear? ie. Less of a risk to carry your 'good' gear, and therefore people fear loosing their good gear a little less.

I realize this doesn't apply to a lot of loot, but it applies to some of it.