Animus
Explorer
scourger said:D&D is an arms race waged in several battles of attrition in pursuit of the war of character development. The current rules even presume that a certain level of stuff is had by each character. Sometimes, what a character has defines the character more than what the character does (or can do). I've played in recent games with veteran gamers who suffer the loss of a character's possesions worse than the death of the character. I find it a real downer.
I tend to agree with you. While having cool stuff brings enjoyment to me, I feel that there is a limit to how much your equipment should matter. The fact is the higher you level, the more your stuff matters; just look at the wealth by level chart in the DMG and you'll see what I mean. This fact can contribute to acquiring the Monty Haul virus, IMHO.