Them putting all the eggs into the Marathon basket just shows how lost they truly are
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Destiny likely can't fund itself much longer to the extent it needs to, to grow & make enough profit to make it worthwhile. The player dropoff has been faster after each release since beyond light & last year's revenue miss will likely be much worse this year, that doesn't fund future budget & investment I still remember Activision telling them new games make big profit, expansions don't. That's why Activision wanted 4 games, not expansions. Probably a similar cadence here.
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Exactly they should have been making D3 for quite some time but now they are in a “found out “ stage which will have to run its course
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D3 wouldn't have been sustainable either. D3 would have all the issues D2 and D1 had with barely a drop of content at launch and likely need a dlc just to "save" (Aka be slightly less worse like D1 and D2) it.