It's not about development time. Its about taking any and all avenues that award end game gear and dumbing them down so the thumbless casual babies won't feel left out despite them being scrubs. This is a complete slap in the face to the hardcore crowd, the very players that (formerly) keep this game alive
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That is a business decision that Bungie and Activision believe is the best way to make a profit. If they continue to go that direction then their choice was the correct decision, if they start to swing back then we will know they made a mistake.