Lee I don't think this list is unfair at all. In fact he forgot a few things:
Totally rubbish infusion system.
This is really struck me yesterday when I collected my call to arms powerful gear and got a 300 sword ( how many 300 swords do I need, no way to use it for anything else, instantly dismantled) and 305 exotic hunter arms which I already have and can't use them to infuse into other characters, instantly dismantled. Added to my growing pile of legendary shards I have absolutely nothing to buy with
Drops below current light level, no incentive to do anything outside milestones, which then regularly drop stuff that is no use.