After reaching level 60, getting my ass kicked one too many times in Inferno, and ultimately finding the real-money auction house to be more effort than the payoffs were worth, I quit playing Diablo III. It seems Blizzard has been listening to fan feedback and will be greatly improving the end-game content.
Patch 1.0.4 is set to introduce the Paragon System, which has 100 new levels you can put experience toward upon hitting 60. Each Paragon level will improve core stats like Strength and Intelligence "in amounts similar to what you'd gain from a normal level" while also offering 3% Magic Find and 3% Gold Find.
Under this new approach, Blizzard will be capping Magic Find and Gold Find at 300% before taking Nephalem Valor into account. You'll hit that cap at Paragon level 100, rendering items with those properties increasingly unnecessary as you progress. No more gear swapping!
"The time to reach the upper Paragon levels approximates the long-term time investment required to get a level 99 character in Diablo II," says Blizzard. To help, Nephalem Valor will also give off a 15% experience bonus per stack. Welp, looks like they got me. I need to play more Diablo III.