It depends on your class.
Before the patch Inferno was broken for melee. To properly completely Inferno, melee depending on Ilevel63 gear. However, to farm that gear, they would need to farm Act III, or somehow come up with tens of millions of gold.
This became a massive problem for all the people who didn't rush. If you rushed, you were able to progress normally, for less money. The auction was flooded with gear from the two brokens classes (at the time, Demon Hunters and Wizards). However, since nobody knew what was good or bad, you could find amazing deals. This allowed the melee who rushed, to obtain there gear from the AH for fairly resonable prices. Melee was able to obtain there gear, because those who rushed sold Act I and Act II loot for huge prices, since virtually every player was not in Inferno yet. I was one of those lucky few who rushed, and was able to gear up my Barb a lot cheaper then many. While selling Act I and II gear to sub level 60's for huge money. Remember when 1000 DPS 2h went for 2 million? I do.
However those melee that DID NOT rush, were fucked. If you hit Inferno a week or two ago. There was virtually no way you could properly progress as melee. Loot you needed for Act III was NOT obtainable by normal means. Shitty shields are 5 million, blue rings are 500k a piece, weapons another 5+ milion. The AH became inflated to a huge degree.
So, Blizzard made the progression ramp a lot easier. I have no issue with this. I want everyone to be able to complete the game. It means a lot more people will be trading items and overall the experience will be more fun for more people.
Another thing Blizzard did, was just make it easier for melee, since the game was harder for melee then it was for ranged (except WD, WD are broken, garbage and need love from Blizz). The way you feel right now, is how many Demon Hunters and Wizards in HALF your gear felt before the patch. I know my Wizard easily steamrolled the game pre 1.0.3 in relatively crappy gear.
You also seem to not be accounting for the fact you have good gear. The game is meant to be easy for those who have good gear. The game was easy before 1.0.3 for those who had decent gear. Thats Diablo.
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