I may be in error, I'm sure Bungie keeps tabs on weapon usage, but I almost never see this weapon in the hands of a guardian, either in pvp or pve...
For it's perks, one increasing armor, one increasing agility... I think that if the current theory of having to pick only one perk were replaced by activating both, making people have to keep alternating between crit kills and body kills, the weapon would see a lot more use. It takes skill to keep a kill chain running that would keep both active and a challenging weapon is often more fun..
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I actually really like that gun. I break it out once in a while for fun. But your right I hardly ever see anyone use it. Which may be a blessing in disguise because if the nerfers got involved it would turn into a useless vault artifact.