Probably isn't. Although if you're careful and know what what to look for you should be fine in most cases. For example, there was some nameless ruin I went into, in some chest there was a iron sword (think it was an iron sword), but it was named. Can't remember the name of it now but it was [Name]'s Sword, so it obviously belonged to someone with that name. Those are the types of things that are quest related. Anyway to make sure I saved the game, picked it up and tried to drop it. Sure enough it was a quest item and couldn't drop it. So I reloaded, guessing I would come across the quest it related to later on.
Shouldn't happen but there you have it, pretty stupid. I still end up with quest items in my inventory mind you, Staff of Charming...sounds pretty generic but, it's a quest item apparently.
Anyway just be careful what you pick up. I don't use take all anymore.