I think everything is fine. You will find good gear on the regular AH for when you are leveling. The bulk of the real money AH is;
a) Very high end gear drops you want past max level
and b) gear with stats deemed essential for farming build after max level.
Neither of these are new nore do they effect new players. Question is do new players realize what they are getting into is a made for the player grind fest action rpg with the worlds shortest single player storyline? -_-