Every piece of iron banner armor I acquired two weeks ago is now obsolete. To top things off, reforging my iron banner weapons doesn't give it the new base stats. This game has been tough to love from the beginning but you finally did it Bungie, congratulations.
The key to ultimately losing a player is to make them feel like they've been wasting their time playing.
EDIT: I'm glad to see a heated dialogue has sparked from my gripes. A lot of you have made some very interesting points. Some of you just enjoy the chance to verbally abuse the OP. Either way, happy hunting guardians.
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And if new armour and weapons never came out you'd all complain that there was no progression and everyone had the same weapons and armour and that there wasn't enough variation. It keeps you working towards being a powerful player, and gives others a chance to be powerful to, with new and interesting weapons and armour.