I'm also pleased to report that you don't have to go back to town, hunt down the local scholar, and pay money to have items identified. It was always annoying in Diablo to bring something potentially cool back, only to find that it cost more to get it identified than you could sell it for. When an item drops in DS2, it will have its basic name, such as "Rare Good Sword," and you'll get the details, "Beryl Long Sword of Penetration," when you put it in your inventory. There's also a subclass of quality, starting with Good and going to Great, Exceptional, Legendary, and probably a couple ranks in between. The higher the quality, the higher the basic stats. If the item is enchantable (in which case it won't have any extra stats), this naming category determines how much space you'll have for enchantments.​