I am using one on my hunter from a drop, and have one in my vault for my Titan as well (haters go ahead and hate) and I love it in pve. I haven't used it in pvp yet, but plan on doing so tonight and will update accordingly
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It sounds like the general consensus is that it is good in PVE. I'm definitely interested to hear how it performs in PVP though.
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Ok so after using it a little today in pvp I found that at mid to close range it is ok, but you have to be able to consistently get headshots. The high RoF and low recoil makes this easy so long as they're not too far away. Once you get to the mid to long the accuracy isn't good enough. Luckily I obtained a legendary pulse rifle today, so I'll have to give that a test run tomorrow.
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Yeah I was interested as well and I'm looking to get myself up to 26+ for the raid here soon, so I'll definitely be testing it tonight