This guy was exactly right. I got this last night and tested it out. It is inferior in every way to the legendary snipers you can buy ( rof, handling, sights, even DMG! ), except for range. However there is no situation in the game that requires this extreme range.
It's a trash gun. I don't demand a buff, but no one is going to use it unless they do,.
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http://www.bungie.net/en/Forum/Post/84024159/0/0