Yeah, I'm slightly disappointed in that. I'm a little miffed that encumbrance is set (with a few things you can do to increase your limit) because that means you can't easily pile on potions and head off without any healing magic.
I've also found that whilst playing on Master difficulty can be fun, it starts to get frustrating with some random encounters. I finally toned it down after being killed by the same 2 bears ~10 times 
Heh
I'm planning to put it on max difficulty as well, until things get too hard. In any case, I like that creatures are no longer scaled. I didn't like doing the math of efficient levelling
