A veiled subscription model it may be because, you're right, but it still comes down to it being a service. Console users in general don't want to pay for subscriptions. Even still, it comes out to around $8 a month, which is still cheaper than other high-quality subscription games. Again, a small cost in my mind.
If Bungie took away a piece of equipment, I would be mad, but Bungie has not taken away any of my equipment. What piece of equipment did they, as you put it, "literally take away" from you? You say that stuff was literally taken away from you, then you state that you feel like stuff was taken away from you.
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My Hopscotch Pilgrim pulse rifle had its archetype changed. It was exclusively the only weapon that was changed. It is now identical to an 55A-Allfate and the Hopscotch Pilgrim, even though it retains the name, is no longer.