Argh, i forgot to copy the post so the evil forums killed it... this ones going to be much less coherent, but here goes!
I liked Solien and Floreanes ideas, you guys arent even paid to come up with better looting ideas and you've done it.
Just to echo what others are saying here, the big problem is that the randomness of the new loot system is not fun, and not very fair. Certain aspects of it, such as the uneven loot distribution can be mitigated a bit in kin runs, where people agree to hand all loot to the raid leader and hand it out at the end, thats worked so far for the tokens in the new instances, but some things simply dont work. Such as the Gold drops being BoA. It makes it hard to pass that 2nd (Or 3rd!) one to a poor friend who has not been so lucky.
In pugs the whole thing falls down, just to use todays pugging as an example, i did about 9-10 or so runs, one lucky chap got 2 1st age symbol drops, i received 1 wyrmfire, go me! Thing is the way turbine seem to be promoting endless farming of faceroll group content means pugs are the most likely way people will run it.
I also dont see how the system in anyway helps out players with less time to put into the game, sure some will get lucky and receive some good loot, most will not have the time or willpower to grind out 100+ instances you seemingly need to get some decent items.
Hopefully Turbine listen to the feedback people are giving here and do something different for the next update. I actually think they have had some very good ideas in the past on looting, but they always seem to scrap systems and invent something new every update. For me, this update has the worst looting system the games had.
So randomness is bad, its inherently unfair on some people who will just continue to be unlucky. Please remove it, and if you want a suggestion for what to change it for - Go back to coins dropping that you can barter for things, you can keep the gold items, just make them BoE so when you get 2 someone else gets lucky instead of it being a waste.
Tiger got to hunt, bird got to fly; Man got to sit and wonder 'why, why, why?'
Tiger got to sleep, bird got to land; Man got to tell himself he understand.