As for pre-inferno legendaries, I really think they should suck. How silly would it be to find an item in Normal that you would use for the rest of the game? In the early difficulties, you level up so quickly that you are bound to find stuff that is better than a low level legendary fast. Or were everyone avid users of the stoutnail in D2?
And while I looked for the link to stoutnail, I saw news on the frontpage that Blizzard is reworking legendaries!