Personally i think they are releasing information to little too slowly... If you have a fickle fanbase that is teetering, don't tell them the part of the game they have been looking forward to has been replaced without giving them something to look forward to. No raid but here's Arena, its a completely new way to play... but we're not telling you about it for a week or two.... I hope they give us a bit of description today...
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This! They are real good at telling what they don't tell now and what they will in the future. You can only do big talk about little thing so many times before people loose interest all together. By now Bungie and the game will be much better of if Bungie would say they deliver something great at a specific and then overwhelm us because it includes so much other stuff we wanted but not expected...