I have to second that. I hated the loot system in Diablo 2, particularly in big groups -- as a melee-oriented character I found it difficult to get loot compared to the more "hands-off" characters like the Necromancer or Sorceress who could just tap a spell occasionally and otherwise run around picking stuff up. It used to drive me nuts to have another player following me around picking up everything that dropped while I was still zeal-locked or otherwise occupied trying to keep my character alive.
The graphics aren't anything spectacular, but I can live with them if the gameplay is good.