Yup. They took out 3 sets of legendary guns. 1/2 the exotic guns and 2/3rds exotic armor. And still hold back half the new exotic armors
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Well the reason is because they know there is virtually zero content compared to what there once was. Relevant content anyway. They have to be able to inject some new gimmicky pull into the game when the real competition hits. Here comes fallout 4- "shit, release the exotics! They'll have to come back now! Nerf the drop rates too (again), we're gonna keep these junkie bastards hooked as long as we can!"