Would it be possible for DR to borrow a little more from Diablo 2 in the way of loot? Keep the standard rainbows(uniques) but also make rainbow stats random. That way we could always be looking for the ultimate "insert whatever". It would be a way to keep the farming community happy without having to create new rainbows every month.

Once you have "all" the rainbows as a 100 there is not much reason to farm. I know some rbs have random generated stats but I mean make that the norm vs the exception.

This idea isn't too bad, and it even works into my suggestion of "gear leveling". So, to be clear, what you're suggesting is having mythic "level" equipment (like purples because they are random) rather than set stats for a particular titled item? (Like Death by the Slice wouldn't be DBTS, but instead just a "Slicer of blahbidty blah?" so each time it would be a different, unique "Slicer of blahblahblah"?

I can see both the pros and the cons of this idea, and IMO they even out, so I don't really mind if this idea is implemented, but I won't go rioting if it doesn't either. The main problem I have with it is that for non-Mythics, the stats of the equipment is often reflected in the mix-and-match name. Mythics have fixed names.

They are already busy with random generated mythics, search a bit and you'll find it. A minor step to it already is the mythics with different kind of ()'s, making different stats.