I feel very unimpressed with this reveal as well. The gameplay of Sleeper Simulant is downright boring. It is basically a Queenbreaker's Bow in the heavy slot. The way that Bungie does things just naturally breeds complacency and laziness. If they really wanted us to move on to new gear, they should have left it all intact in Year 2 to challenge themselves to make something better. As is, there is no real incentive to make something better, because in most cases we simply won't have a choice but to use the new stuff. Of course, all of this is predicated on Bungie being able to make something better, and judging from TDB and HoW and TTK, it is becoming more and more evident that this is an impossible task for Bungie.