The only reason I do the Nightfall (and the reason I always do it first on Tuesdays) is for the XP boost.
I no longer expect to get any decent items as rewards, and I rarely do.
If you're doing the Nightfall for the item rewards and not just the XP boost, you're doing it wrong.
Also, I never buy stuff from the vendors, so I'm fine with getting vendor gear from the N.F., even if I'm only going to dismantle it immediately.
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I just want new gear man...the xp would be more useful if I could actually use my gear needing it....
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You might be better off playing Vanguard Dragon than the Nightfall. Still plenty of crap rewards, but at least you have more than one chance per character per week.
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I recently lost the dlc but try to play the strikes when I can, but I feel you man...