The wolf pack rounds are what do most of the damage. If you have every used a Gally without the wolf pack rounds it's the same as a regular rocket. The wolf pack rounds make the weapon. Sigh ... Enjoy your gjallarhorns for the next month because after that it will be crap.
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It won't be crap it just won't be the single most used exotic in pve. It will still be good but won't stand a mile above the rest.