Ok, a different perspective, and I can appreciate that. I personally prefer the new BTA loot, since frankly I'm sick of all the BTC loot that falls in the game. I simply don't have enough bank space. At least with BTA loot, I can move it to a different toon when it's not needed on the first toon. A better approach (which I've seen on only a very few items), would be BTAoE (Bound to Account on Equip). I agree that being able to trade it outside the chest is certainly appealing. But unless they significantly increase the amount of personal bank space to store all the BTC loot, I am now avoiding using BTC gear if at all possible.
On this I agree almost completely, the only difference being that I am opposed to them, for precisely the reasons you state. Unfortunately, I've seen some of those over-powered meat bags wipe a whole party, or much of a party, repeatedly, especially at lower levels. At higher levels it can be a huge SP sink for casters ... can make "the old, pre-U24 days" task of keeping a poorly built/geared barbarian healed look like it was a cake walk in comparison. Not fun, not challenging, just boring and a waste of my time.