Always did enjoy that small percent chance of getting a high tier item, cheers up any one person's day quickly.
True.
Its a great improvement over Oblivion where certain items just would not spawn until a level. Skyrim seems to have some fluidity.
It is also rare enough to be really special, like daedric gear in Daggerfall.
You remember even your next playthrough that your last one found dragonbone boots in that chest your new Dunmer just got 120 gold and an emerald from.