As several people keep voicing their desire for the random rolls of weapons from D1, I for one am very happy they went away for D2. I currently enjoy the fact that once I earn that coveted weapon, I know it will be the 'right' roll. With the addition of masterworks, I think that gives a small degree of customizability that will not change the weapon significantly but can mean a lot to those that enjoy the pleasure of min-maxing...
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Jury is out for me on this one. Masterworks is better than I expected.