They completely changed the weapon. Why didn't they just say, "Haha! We hate our players! And -blam!- any weapon they like!"?
I'm really disappointed, but to be honest, I predicted this(though, not so extreme). It's what I expect from this game and its developers, and why I am smart enough not to buy any more of it.
I hope you all enjoyed it while it lasted, it was a remarkable weapon.
Edit: It's very likely Bungie planned this from the beginning; so many people grinded for so long not only to get HP, but then the 100+ motes to get the perfect roll. That was a substantial hook, and boost to their numbers. They don't respect your time or effort in their game. Really, they are playing you more than you are their game.
Edit2: I agree that it needed a reduction in stability. What this proves, though, is that Bungie has NO respect for your time or effort in a game designed to rely heavily on both of those things. And, that they aren't above, not thinking very highly of you, playing their patrons for fools.
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I must of grinded over 100 strikes to finally get my Pilgrim on Sunday night. Before I can even use it in Crucible, after all the mind numbing hours of doing the same half dozen crap strikes over and over again, they go and FECK it up completely. Can somebody please explain to my why you would take a very rare weapon, which the vast majority of people lucky enough to have had to absolutely work their balls off to obtain, and then completely change it into a bog standard pulse rifle??