Started a new game this weekend.
First off, that starting dungeon didn't take me anywhere as long as it did the first time. You just can't expect to go through it without making a few trips back to town to heal and buy potions and also without venturing outside the town a bit and killing some Orcs to level before finishing the dungeon. There are also a few difficult encounters that you can just avoid and some optional areas in the dungeon that aren't necessary to finish it.
Secondly, I love this game. It really has a good mix of Diablo-type dungeon crawling, open ended adventuring, humor, flexible class system, good writing, goofy-but-not-in-an-irritating-way voice acting, great music, decent U.I. and a HUMONGOUS open world that feels real.
I guess if I had my way the game would be a little less Diablo - maybe remove 15 to 20% of the enemies in certain areas (maybe… i kinda like that the world is so populated in a way since it makes the whole "invasion" theme seem a bit more realistic as opposed to Oblivion's). Still, there's an awful lot of combat which can get a bit tiresome.