i've only played a little bit since the update so i can't say definitively if they're now the basement dwelling weapon type, but they were already seriously lacking. Before the patch it was all handcannons (TLW, hawkmoon and thorn being the best three guns to use in PVP), and now after further nerfing auto rifles/fusions/shotguns it seems like hand cannons are going to be the only guns worth using.
I haven't used a pulse rifle yet since the update, if anyone has and can speak to their effectiveness i would appreciate it. i'm not going to be on again for a few days to test it out any further.
EDIT: No consensus so far, not even close. A lot of people think the update had no real effect. But a lot of people think it had a big impact.
I feel it had a big impact. Hand cannons weren't really impacted and still reign supreme. Pulse rifles are now improved and can potentially kill with two bursts(depending on accuracy and the rifles stats) and the auto rifles time to kill is much worse. If feels to me like you're forced to either use a sub par gun, or use a hand cannon.
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I still find it very hard to believe that after all the complaints on the announcement topic that Bungie made about the weapon changes about a month ago and being the most commented on topic with hundreds and hundreds of people disagreeing with the AR's nerf Bungie still went ahead and done it without giving what the consumers been complaining about a single thought which pretty much confirms that Bungie do not care about what we need, they don't care about what we want and they will do whatever they want. I had little hope that maybe Bungie would come out and say that they heard the community and wouldn't nerf the AR's but nope they still went ahead and done which again confirm that they do not care about what we the gamers of destiny think.