It's fine until you finish all the weekly activities. Then what are you supposed to do? I did the raid last night and only went up 2 Light Levels. It's a bit too slow to grind up now. They need to increase the LL of exotics when they drop a bit more.
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Would you really expect to increase more than 2 levels for doing 1 raid? Sounds really generous to me!
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Felt a bit stingy to me.
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Remember the zero 0-1 level weeks of D1? Only way up was Raid at one point with no guarantee of getting the one thing you need from 6 raids!