Panoptes was a really cool boss that had the misfortune of being in an underwhelming DLC. His design was awesome and intimidating, and the fight was very cool thematically. People often ask for "single player raids". Panoptes was a single player raid boss. Add one or two more mechanics and he'd fit in with any other raid boss.
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Knowing bungies efforts to create new exciting enemies they will most likely reskin or re use this boss again in the future.