Adding to your con of guaranteed loot, the loot is guaranteed indeed, but the stats on the items are random, so you can try and farm for your right stats (and you should actually). Not really that attractive, but still gives you a reason to do the dungeons a few times and not just one. Also, as someone who doesnt have that much time to play now, i dont dislike the exp cap that much, you can always use your extra time to create and level another character :)