Yes, currently it's much too small. At some levels you have the choice of only a single item per slot (your level 8 paladin in plate and heavy shield better takes the +2 elven cloak with it's +2 stealth for one of your 3 item slots, because the only other alternative would be a plain +2 cloak with no property whatsoever)Hmm. I like the overall idea, but doesn't that reduce the number of items that are available for purchase rather small?
YesThe DM dispenses uncommons and rares, right?
New rares (and uncommons and commons) will be introduced in new books/magazines.Also, the list doesn't cover what items are now rare.
Hmm. I like the overall idea, but doesn't that reduce the number of items that are available for purchase rather small?
This. They'll leave it up to the DM.I doubt that they will provide any reclassification beyond the one they already did.