If you haven't been checking out the modding forum, you should have a look. A lot of stuff can be somewhat easily modded. For example, I'm using a simple mod that allows merchants to sell everything from the beginning. Of course, the good stuff is all expensive, but if I happen to save up enough (which I did), I can buy an Ogre shield at a low level (which I did).
Plus there are a few mods which modify the level scaling system, although I haven't tried those personally. The UI mod is quite nice tho'. Plus you can use mods that will get rid of all the 'cheat' location giveaways on the compass, which I found annoying.
I suspect that modders will end up redeeming this game, at least for me.