They've commented on this a couple of times, but to your question yes. Their new game engine they built from the ground up is taking into account problems like you, and they're using dedicated servers so no worrying about player hosting etc.
Side note, if you're in a populated urban area of California like I am, you should have access to fiber optic internet. Whether it be Comcast/Verizon(of who is a greater evil than Comcast)/Charter, you should have plenty of options.
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Funny story, I'm a 20 minute drive from fiber-compatible service areas. Can't wait for that stuff to creep its coverage just a little bit further. Lol. Glad to know, though! Consider this beta bought. Thanks for pointing out that they've discussed it before. I need to google a little bit deeper, it seems.
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Check out the GameInformer article and bungie podcasts. The best sources of information in my book.
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Thanks! I haven't thought to check GI articles in years, and I have no idea why. I subscribed to them for a whole decade haha