I remember Doddler doing a pretty long rant on Earthquake and new MVPs boosts in general, and most of it seemed quite right to me. The MVPs get cool new skills and stat boosts(Or decreases like Vit to reduce AD damage har har), but their loot doesn't change. They still drop the same old stuff which was hardly worth it before they were made into serial rapists.
I mean when was the last time you killed Baphomet? Why would anyone even bother? You probably won't survive Earthquake even with several people in the party, and if you run away he heals himeslf with Lv. 11 Heal like, every second. And that's not even mentioning his other overpowered skills: Level 20 Brandish Spear, Level 20 LoV... and all that for what? A spear with 30% crit rate? Please...