Honestly wasn't that big a deal to me. I now have two and while it does wreck, it is ridiculously and hilariously over hyped because of LFG losers asking for ONLY Gjallarhorns in a raid.
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It's a great weapon, but the blast radius is garbage. I will use it a ton, but I think for raids I have better options. For example, hard mode Crota I'll still go with Red Death, Black Hammer and Hunger. For hard Atheon, I go with Saterienne Rapier/Fatebringer/Epilogue, Black Hammer and Super Good Advice (tremendous for oracles, no reload or synth necessary).
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This guy gets it