Oh wow -- so you can carry one-shot items like the Magic Missile or the Potion of Invisibility, say?
We'd been playing that those had to stay in your hand. This could change our charity routines quite a bit (although, admittedly, we always manage to give away junky charity anyway....)
EDIT: Looked just a little further, and the answer to my question is Yes. Found the answer here:
http://forums.sjgames.com/showthread.php?t=95229