Sounds like Luther was trying to do what the Catholic Church has been doing consistantly for 2,000 years.
I think that Luther was not sufficient to the task and I know he did not see Lutherism start the way he intended. But no one man could do what Jesus did with his Apostles. It is best not to reinvent the wheel especially when God designed the first one.
It would have been best if Luther had not been so inflated with himself and trusted God more. God's Church was not lost.
I am grateful to God to have me in His Catholic Church which always refers to the Apostolic teachings for verification. I am also glad I have the Eucharist which is far more awesome then any healing or prophecy taking place today.
I feel truly Blessed.