This red bar flaming is getting crazy. What a lot of people seem to be conveniently forgetting is that you can have an awesome connection and still red bar.
Example, I have a 10m connection but depending who bungie connects me to I might end up green, yellow or red. The problem is that you can have hi speed, but if you get paired with someone in the other side of the world you're going to have a bad time.
What would fix/help the issue is a mixture of connection and skill based match making. Other games have got it pretty close, fingers crossed bungie can figure it out.
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Destiny relies on P2P connection. It all depends on how well other players connection is, and how well you can connect to them, as well as many other factors. Best of luck!