CarrionCrow: Yeah, it's not all that great. I tried Torchlight 1 more than once but got bored with it. 2's more interesting, but even with improvements they hadn't upped their game enough to make it interesting for multiple playthroughs.
ddickinson: Torchlight looked nice, but there was just nothing to it. Just repeated level after repeated level. The story was very basic, and it was just so boring. I did like the pet and the fact you could send it off to sell items. But there were way to many unidentified items.
It looked a LOT like Fate. I never liked the style of the Fate series, so that was a major negative.
Also, when I play a game, I want my character to be the one annihilating enemies.
Whether it's Diablo 2 or Baldur's Gate, I don't go for summoners when I can have fireball and lightning bolt slinging powerhouses instead.
Having a pet there constantly, like a summon monster I couldn't get rid of, was a problem as well.