Not sure why people are calling current random loots vendor trash at any level of the game. True there are mostly better effects on epic shroud at cap but the recent random loot revision of U29 moved around a lot of effects to different loot items (especially caster), scaled up per level a number of effects (stats, insightful stats, fort, spell power effects) and in some cases above what you can get on any raid loot (esp older raid loot - though raid/named loot will mostly have more total effects).
Prior to U29, I had no random gen loot on capped characters and only looked at chest contents for their named items. There's now at least some amount of looking... which is better than the previous 2 years of DDO.