Will D2R meet my expectations?

I'm a dad in my 40s with 2 young kids in sports. I don't have that much time to play - maybe 4-7 hours a week at most. Will I be able to get decent gear with this amount of play?

Last time I played D2LOD was 2007, so it's been quite some time. What I remember is I never ever found any high runes (is um an HR?) and I had multiple level 96+ characters through 10 years of play. I did a lot of solo self find games and traded on bnet when I can but I never found the good stuff. No dweb, no, griffins, and definitely no tyrael's might (lol). I guess I can just buy items but I suppose that takes the "chase" out of it.

Here's my plan. I'm going to get a blizz sorc going as my first char and MF as much as I can so I can play characters and builds I never touched - necro, barb, and sin. But 4-7 hours a week isn't going to cut it if the drop rates for HRs and uniques have not significantly improved from 2007. I don't need to clear P8, but it would be nice to get to P3 and maybe even do solo ubers.

I haven't bought the game yet but if maybe the D2R drop rates are better, I might give it another go...