Good idea but no thanks.
As Torg said, why take away a bit of uncertainty (And fun) of not knowing what you had dropped? One of these happen when you drop your belt.
1) You realised you dropped a hacktool. You not going to worry about it.
2) You dropped a high slotted weapon. Yes you will try and get it back at by all means possible.
3) You don't know what you dropped. Do you go back for your belt or not?
4) You had alcohol. You don't know if you dropped a belt or not....
5) You completely forget you had a 4 slot Healing Light in slot 2, and you tell your clan mates not to worry about your belt when you died hunting in a team. All is well until one of clan mates comes across your belt... The end result: A rather embarrassed Brammers and lots of stick from my clan-mates.