I mostly agree with you, but I disagree with regards to exotics. we are only allowed to equip ONE exotic, vs as many legendary weapons/armor pieces as we want. So IMO, they need to justify the fact that we can only equip one. This generally means that they need to be stronger than legendary gear, which would include raid gear. However, I ALSO think that exotics need to be striated into tiers so that it is clear that lower tier exotics are available from a wider variety of sources, but as you aim for higher and higher tier exotics, you need to do harder and harder content, with the elite level exotics only being available from endgame content. I also think they should be more rare, as they were in Y1, rather than as common as they are now with the use of 3oC. And the elite tier exotics should not be quest items.