No. Queen's bounty was horrible. And they got rid of the only reason people wanted to do it (getting shards from armour). I say create a new PVE event. Something that has some kind of new element. Not like Eris, though I like having the blades of Crota being on the moon and earth, though I find myself hardly visiting Venus or Mars anymore, so add something that has new elements, and variety
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I think if they would just offer some decent leg weapons as rewards then it would be worth it.
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It was one of their first events, cut them some slack, they didn't know what people would do. At this point, after throwing a million IBs at us, they know how to prevent it
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also normal shards are pretty much useless for people closing in (or being) 32... they could just enable that again