This was a joy to read. We have had very similar experiences and are currently in the same situation. By rendering old gear useless Bungie has completely evaporated my motivation to grind for anything in this game. It has made me look at the amount of worthwhile content in a different light, and as a result I play [u]A LOT[/u] less than I used to. I actually enjoy the game more now because I only log on to play actual content. Hopefully they make some great expansions in the future.