I'm no expert on the matter, but this seems like it should be fixed before Age of Triumph happens.
The Oversoul can currently be 'tanked ' simply by blocking with your sword, whereas Gorgon's Gaze can be survived via blocking and using Armor of Light.
If this isn't the right place for this, I apologize, but this is a bug that should be high priority given that there is a challenge in the new record book about killing Gorgons, and both Vault of Glass and Crota's End are returning.
I'd suggest making both affects just drain your health directly, like Touch of Malice, but however it's done will probably be fine, as long as it's fixed.
[spoiler]Moderator edit: This thread has been moved to #Feedback forum so that other Destiny players can weigh in. See [url=https://www.bungie.net/en/Forum/Post/139533839/0/0]Cozmo's thread[/url] for more information about the #Feedback tag and its uses.
Feel free to private message the moderator who moved your post, link to topic for further clarification about why this topic was moved.[/spoiler]
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You can also block the tainted light in the Skolas fight.
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Should be in feedback, however after watching the latest video they have changed crota at the bridge so no doubt other changes and fixes have been added.