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Is there a penalty for switching gear mid-combat?

I wonder is MF gear swapping still working immediately or have a cooldown after 1.0.4 patch?

I didn't found any topic about it.

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marked as duplicate by OrigamiRobot, bwarner, Frank, LessPop_MoreFizz, pixel Aug 30 '12 at 12:16

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It still works exactly the same as before 1.0.4, but magic find is capped to 300% so it will become increasingly pointless as you get closer to reaching the highest paragon-level.

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