Because it's a bullet sponge boss fight in a small arena with lots of enemies, very little cover and an artificial difficulty level higher than our current max. It's also just not enjoyable in the same way the VoG or Crota is.
I've done it and have little desire to do it again unless someone I know needs the help.
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I love Vault of Glass. Only done it a few times but it's great and I'm really looking forward to the new strikes and Oryx.
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I was late getting round to the raids but VoG is the best thing in Destiny.