I agree people should loosen up about losing their set and am all for less limits, but I also think gear is easier to find than ever. It's probably because of the smaller player base but I find a pretty solid hero set almost every login given enough time.
The issue I have with gear is the uber elite stuff like Hell gear. Hell gear is cool, no doubt, but with the reduced player base it makes taking down those really big chars pimped out in the best of the best so much more difficult. In the past massive gank squads used to take care of it.
I guess what I'm saying is: less limits, more gear but less really OP shit.