This game seems to be slowly degrading into an unplayable mess. Teleporting enemies and rubber-banding enemies in every activity is getting more common. Ridiculously long load times for the tower are becoming the norm. Long pauses just to see the stats on a weapon or view a shader happen more often than not. DIM gives the message "bungie.net is slow right now" almost constantly, making the loadout feature unusable unless you want to take a five-minute break while your loadout changes. All this is happening with a dwindling player base, so I just know it will get worse with the new season and much worse when the new expansion hits next year. Is Bungie even trying to improve things?
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Long story short: Server architecture + age along with an always-increasing load with each new activity added, fluctutating with how many players are actively on. For how awful content vaulting is, with how awful the servers are NOW, it would be far worse if we still had Year 1 content. Which has me curious that they announced "No More Vaulting". If a server overhaul is / was in the works for Lightfall, then that would win a lot of people back. It wouldn't make sense otherwise unless they're too high off their own supply and are just pushing it through while hoping the server rooms don't ignite.