Never played 1.04, but I can tell you now, multi-player game monster drops (in this ver., 1.05 patched with b1.04) are a bit extreme. Its as if a group of monsters (skeletons in act 2 tombs for example) drops a pile of loot like Big D. Very hard to find anything, and add in the disabled multi-player auto gold grab to make things worse in this aspect. Single play isn't so bad when it comes to the drops, though, with half being grabbed by auto-picker.
Did the drops used to be more intense..? If so, my goodness. LOL