Blizzard have launched a huge Diablo 3 item database detailing the base stats of hundreds of weapons and armour pieces, as well as a few crafting recipes. It looks as though Diablo 3 items will start out with a base build, like the Glorious Chopsword, which will gain two random properties like elemental damage or life steal when crafted.
The item database is great if you want to plan ahead with your Diablo 3 build, figuring out what you can craft when to have the best weapon. Alternatively, just skip to the highest level stuff to wonder at immense legendary items like the Moon Slayer, or find cheeky X-Men references like Logan’s Claw for the Monk (which regenerates health, of course). The database also hints at four difficulty levels: normal, nightmare, hell and inferno.