Is the vex still viable after 1.1.1

The vex was initially easily the best weapon in the game. Bungie even said it was supposed to. But now, so many people who don't have it have gotten Bungie to nerf it so many times, people don't even level it up anymore. In the player's opinion, is this gun still the exotic drop you want, or will it just sit in our vaults like a trophy with nechrochasm and thunderlord?