I've been thinking about this one for a bit. On the one hand, I find the system distasteful because the idea of giving out loot in "parcels" completely destroys a large chunk verisimilitude that the game might have. On the other hand, players are just going to sell loot they don't need in exchange for items that they do need, so the system is effectively skipping over the middleman.
I can see both sides of the argument.
What are your thoughts on it?
EDIT: I should clarify, since my post seems to have caused a bit of confusion. It's not the parcels themselves that bother me; it's that they are distributed in an exacting manner of level X item, level X+1 item, level X+2 item, and so on.