In D2 Magic Find pushed up the quality of an item. Does it work the same way in Diablo 3? Will XX% magicfind increase my chances of a normal quality item over a inferior quality? Or does it only effect MAGIC item?
Like in Diablo 2:
Magic Find increases the odds for found items (from monsters or objects) to be "higher quality". Higher quality items are more likely to be magical, rare, set, or legendary, with different odds for each type of item depending on the Monster Level dropping the item and the player's Magic Find percentage.