I might not be 40 years old and still have a good long life ahead of me, I still feel this as well.
For me, it's more I just don't get the time to play Destiny - between wild work hours, to just wanting to play other games depending on my mood - I still don't have "perfect" loadouts that others in my group keep saying I should have had already (Such as Double or Triple 100 stat armour sets). I haven't completed everything across the seasons, completed particular quests, and missed whole events. Hell, I still have some quests dating back to Shadowkeep that I haven't completed yet.
The last couple of years has been difficult to keep following Destiny. The major expansion stories have been good - with TFS being an amazing end to the saga. Destiny was my favorite go-to Game as well, so it has been quite heartbreaking to see it just sink deeper into disarray. The worst has been just how pushy the FOMO has been (Such as get these items now or they're gone forever/until the next year!)
While I have already preordered the Collectors and Ultimate editions, I've been debating since making the orders whether I want to keep the orders or not.
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Wait until after this time to buy is my suggestion. Sounds like you're already let down. This way you can filter the pros and cons and see the state of the game leading up to and immediately after launch. I'm personally predicting a MASS exodus of players abandoning Destiny, Marathon failing, Destiny Rising doing well (shockingly enough), and Bungie hanging up the towel and canceling the already hinted at Year 2 of the Fate Saga (?), Bungie going dark for a couple years or going under Sony entirely with Destiny 3 finally being revealed & released between 2028-2030 (not accounting for development time or anything beforehand... Likely dates would be much further ahead than what I typed).
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Cancel and get a refund. If the FTP version then turns out to be good, you've got the money to purchase it. If it's pants, keep your money. Win win either way tbh