Let's not get away of the topic please. It is sure that this is going to be a community based game where best loot is obtained by playing with/against others.
I totally agree with you here. We are discussing the loot now! I am in for a personal loot system that can be manual of auto. Group loot for more rare items like rare gear or even mounts. And everything personal that drops and you don't want to simply trade with someone doesn't need to be from the group or the guild and that's for the soulbond items but not every item should be soulbond less rare gear have to be able to trade therefore the auction houses will be full and even if you can't find a weapon or armour that suits you best you could simply buy it.
And that's my final statement for the loot system.
Regards,
Shock :)