How's it different from any other start screen?
There are no other modes in destiny and character selecting is the only other screen besides play so it really doesn't waste any time.
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If it went straight to the character selection screen then there would be no waste of time. Introducing another step prior to that is a waste of time. IMHO.
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Well yeah but you'd still have to load all the over head that happens after pressing the x. So it maybe saves a few seconds at most a minute if you're sitting there when everything starts up and didn't walk away. And the "do you really want to" feature, is common practice in all things computer related.