I got to about 90k DPS with 300 AR and 50k life.
MP0 is a joke, and MP3 is quite playable.
Patch 1.0.5 has dropped gear prices through the floor. Three months ago this gear would have cost 20+ million.
Here are screen caps for proof. http://imgur.com/76jA9,NnFlt,Lq9xy#1