It is a fantastic weapon.
Does really good DPS for a Primary, plus can clear waves of lower tier mobs with a couple of bursts.
The Nanites stagger enemies, meaning that you can kill major captains in the raid with ease.
All around, an excellent weapon for the raid.
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In PvP, this thing's really good too. While the nanites are highly unlikely to kill if they trigger, they still damage people and the weapon fits into the Hawksaw archetype, and we all know what that monster is like.