To be honest, This is dating back to September when this event came out. You had the community all gearing up in their new gear, getting ready to face what lurked inside the vault of glass. But than when the event ended, the player base was told that the event would be put on the work bench for a while.
Now I understand that planning and coding can take time. But the community is now in the midst of our (lost track) 8th Iron Banner. A crucible event and the only event available. Now I understand that it might take time to work on still. But surely the player base, especially those like myself who remember when these Items was common as dirt and to be replaced by other items later on to avoid being branded a noob. But surely after all this time, can Bungie update us on that event. What they might add to it or change it and how much progress is done on it.
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Iron banner is a monthly event. It is scheduled to come out every month, and is not a unique event each time. The queen's wrath was most likely going to be the same way, except they completely dropped the ball in terms of keeping it relevant in the long term. The event made itself obsolete in the first few days, people were using it to farm shards to upgrade their better gear as opposed to using the drops. And now that most players are well beyond the 24 hurdle, Queen's wrath needed to be reevaluated at the fundamental level and was beyond the minor tweaks like the iron banner needed.