I have no idea how many things have gone wrong with this patch, but the lag in the Crucible is worse than ever before.
Iron Banner can be described as lag free, in comparison.
The matchmaking seems to be fundamentally broken, as every lobby I am in either has at least 3 red bars, 6 yellow bars or everyone is yellow bar.
Shots take forever to register, melee charges are getting consumed, yet no damage is being dealt.
Bullets simply disappear (some call them phantom bullets).
I am getting sniped, yet no lense flare shows up (or the last 40 people are apparently the best quickscopers in Destiny).
People do not appear on the Radar, even though they aren't invisible.
Getting killed through walls is also a new favourite pastime of mine.
PvP is currently pretty broken, in terms of connection quality.
Edit:
Thanks for all the replies, up votes and agreement.
It's very reassuring when a lot of people experience similar things.
Something went horribly wrong with this patch, concerning the connection quality and hit detection of melee attacks.
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Yep the lag is real. I was playing aon black sheild, where I was in the room at the centre of the map, near upper heavy. I was hardscoping the doorway towards C flag as two guys strafe past it. I shoot one of them in the head, he doesn't take any damage and walks into the corner opposite the special ammo outside the door. I quickly follow up another head shot on the guy next to him and again no damage. He then walks into the same corner putting him completely out of my sight, I then die from him, from a headshot while he was behind the wall reloading. Green bars are a lie...