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The real money auction house I think is better then the previous, which was real people farming items in china for Diablo 2.

Essentially blizzard gets the money, instead of having essentially sweatshops for a videogame. If I'm not mistaken, (I could be as I know little about diablo 3) all the items in the auction house you can earn in the game.

I'm not a huge fan of any of the diablo however (their well made games that I don't find interesting), But still, I'll eventually get this.