Well for me all I really wanted was an oblivion set and a hellfire set, both of which I got quickly, strangely enough, apart from the hood of oblivion. After farming for Lv.3 armour for the past 2 days its become a bit of a bore, but I'm still pleased with the game. When I get bored I experiment with alt files or do stupid things in the game such as trying to take on Daimon naked, or riding a drake.. Naked :l
--- "Just give me 15 more minutes, 15 for her, for her, and her, that's 45 minutes!"
The random generation of the BBI items is a succubus. I know the lure; its hard to shake the feeling that the next item and then the next item and then the next item will be the exact fit of what you're looking for.
....only to be purifying item after item to just get what you want.
I just purified about 40 lvl3 novelties before I got 1 Elite Lantern. There wasn't relief when I got that. I just verbalized "Finally!" at my TV. About the same with lvl3 gear before I got 1 warrior's band.... and that band didn't have the skills I wanted. I'll be trying that again later, only to probably purify another 40 items of nothing but cra.
In the process though, I did unlock all the augments, and I got a few master rings that are impressive. (one that's HP + 480 STR+90 and another one that's Stamina+480 STR+90. Ironic that they go very well together as a ring set)
Luckily, I was able to be content with certain gear, and not need to have the zomg perfect set. ...and I lucked out and got the weapons I wanted very quickly.
I've gone through the game multiple times and don't feel done. Ironically, there's always something else to do. Even things like helping people out with gifts/hires, exploring the corners and nooks and crannies of the game, mixing up strategies and fighting methods...