Spot on. Bungie, read this. Digest. I know you won't undue the coming changes, but if all your exotics felt like exotics then we wouldn't exclusively use the only exotics that actually feel special.
Seriously. The peregrine greaves are a great example of a fail. In PvP you don't need more damage on shoulder charge to take down an enemy. In PvE there are too many other exotics that outclass this to even come close to rationalizing equipping this over others. This piece of armor is maybe the best example of a terrible exotic idea I can think of. Just terrible. It makes me wonder if the designer of these ever played Destiny.
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To be honest. I'm pretty sure these exotics were all created pre-beta with the original story. Handed out at certain points etc. They're just giving it to us within DLC with no story. Haha. The irony.