I'm assuming that when Bungie started work on Destiny, they bit off way more than they could chew. The original game had to be cut up into pieces to stretch the game even more (aside from probably the raids and a select few missions, which were made from scratch), and it only got worst as time progressed.
By the time they started working on TTK, Bungie realized they didn't have enough time to create content to last throughout Destiny's lifetime, so they made the whole 320 light with terrible drops BS. Time gated content and all that good stuff to stretch Destiny as thin as it could go.
Annnnd now, they're probably stuck trying to future proof Destiny. But to do that, they need this drought to catch up on future DLC. They probably planned to keep doing micro transaction based events throughout the entire year, but fans a didn't want any of that, so they're probably going to cut some content out of the sequel to put out for summer and release this spring update bringing back old content.
Seeing as Activision had to bring in another company to help with development, this theory is at least plausible. So they're probably simulateously working on this upcoming spring update, summer DLC and Destiny 2 at the same time(maybe more), all while being overtaken by The Division and more AAA titles releasing while they're playing catch up.
Either way, Bungie got themselves into this mess. And you can support Bungie and Destiny or not. Whether you think Bungie is trying their best or if you think they've become "bottom-of-the-barrel" developers, either way, everyone's opinion is correct in this situation. It all depends on how you look at the situation.
You can't deny there have been a ton of mistakes made on Bungie's part. But they're only human and the video game industry can be complicated and frustrating. At the end of the day though, every decision made was Bungie's. From making a game for 4 platforms, to signing a contract with Activision and not being crystal clear with their fans. Any problem they're facing now is all their own fault and fans have a right to be pissed, or you a right to be sypathetic towards their situation.
Either way, this isn't something fans should argue about with each other. I think it's easy to see both sides of the argument.
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It boils down to what sells and no one cares if they sell garbage or actual loot until the buyers say something. Destiny and anything EA-like it is our fault. Stop buying and they will listen. We love the gameplay. I think for the most part everyone agrees but we need goals and it HAS to be more than junk gear we know will all be tossed aside come next expansion. We need to be compelled for a reason than serious OCD issues.