Better than Menagerie? No, clearly not. But that doesn't mean it's not good. Menagerie is the one which will always be haerd to beat because it was like a Raid 'lite' with infinite respawns, ability to not technically fail, harder mode to challenge yourself, bespoke loot table to obtain stuff, etc. However, even after a while people wouldn't roll that as they got all the loot, so then it comes down to how fun the activity is regardless of rewards. This is just simplistic shoot all the baddies, with elements of mechanics but with funny power ups and narrative over it. It so nice to be able to play something in a 6 stack of FGers that isn't PvP and isn't a raid. Everyone tends to have fun in it and can be used for Catalysts after you do the grinding (although someone will always need something from it).
@Spacedeck , i think it'll be here between 9-12 months minimum personally as its kind of linked to the 30th DLC, even though its free content. I don't see why they would remove it February, but you could argue after 6 months if you wanted to. I just want more variety for more than 3 player fireteams in the game so people feel like they can group up more.