I enjoy the loot system, but I'm not sure about the bazaar. There is no in-game list of what is needed to get what item, and the important loots are not mentioned in the game. That system could use a little more refinement, but apart from that, I'm happy with the looting and pillaging.
BTW, are there any one time only loots that should be saved? I was under the impression that every item of loot could be obtained even late in the game, as long as you know what monster drops it.