After reading the ninjalooter.com site the other day, and not being in the beta to know how bad things are at times, I decided to do some more research. WOW, found a ton of people complaining about the Bind on pickup items and A few discussion going on over on the Blizzard beta site on how to handle and fix the current looting situation. If anyone here has suggestions I would go to some of the following key threads:

Discussion about solution: Wanna Stop Ninja Looting?

Secondary Discussion with ideas: Group treasure chest

Yet another Discussion: Solution to bind on Pickup problems