Ye auto loot was annoying, but when your running with a non bot group an you see a high rune or unique drop, your heart used to race and u wanted it. Such a buzz seeing something good drop because of the fear of possibly not getting it. The new system is like torchlight, only you can see your drops I don't IMO think itl be as exciting.
Then just pretend that others can see your loot and try and rush to pick it up before anyone else can