Yep. They just pretty much killed the Blacksmith professions.
For the last week I have been able to make a few silver per day crafting and selling items. In fact, I have been able to craft my way to having a fully decked out level 6 character. I am at -1 EE
Plus about 20 silver in my purse from the recent work order grind towards level 11 Blacksmith
Has a single one of my items which have been selling for the last week every day sold today?
NO!
Looted and dropped gear is so abundant and very high in stats compared to crafted gear now. My whole first week, and early head start benefits, have been essentially made obsolete.
So much for enjoying some of the more fun parts of the game. May as well go grind adventure levels and kill some named bosses like everybody else
edit: The throwing hammers that I made and equipped yesterday did something like 63 damage. Now they do 0-0 damage. Yes, my throwing hammers have been nerfed to doing Zero to Zero damage. lol