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I have yet to find a quest item I actually want to wear, although every quest I have done has been soloable. At least the finished items do sell decent to vendors.
This is true. Apparently SOE thinks it's enough of a problem that according to beta rumors (i.e. don't be surprised if they're not true) they're making quested and dropped items in KoS better than crafted, possibly better than rare crafted.
Having spent a lot of time to get to level 60 crafting and, up til now, having the capability to make very good gear, this does not thrill me.
You can buy player crafted spells and dropped from the broker after level 50. They are craftable and drop the same as other tiers. The only level available from the faction is Apprentice II. You also get your Master II spell choice at 54 - which I used to get one of my level 54 spells for free.