I've been thinking lately about a new competitive multiplayer playlist "Sparrow Racing".
Bungie doesn't need to add any new maps or things to do, they just need to send you to a specific place with maybe 6-8 players ex: Mothyards... there would be checkpoints starting from the mothyards maybe leading into another part and then starting a new lap once you reach the starting line.
Now I think that just like PVP(sort of) we could balance this out and make your sparrows customisable (upgradable) now some people would start out with better sparrows etc... but as you play, you could earn experience to the next upgrade like speed boost handling etc...
Like I said this is just a thought so leave any other Ideas you have in the comments below. :D
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This already exists... sparrowracingleague.com just launched today