Article pretty much says it all. Legendary engrams are essentially not legendary with 60% becoming rares in this limited (but respectable) sample size.
Solution for all: Turn down the drop rate of legendary engrams and make them drop as legendary items more frequently (66% to 80% rate depending on cryptarch level). People don't get geared any quicker than they do now and it makes legendary engrams feel more special than they currently do.
Don't call this a gripe post. I have legendary stuff and have gotten some from engrams. It is a proposed solution to a weird mechanic of the game that could work better than it currently is.
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Why is it weird? Has it occurred to you users that this is not unintentional. I mean think.