Yes. We would be able to determine what we qualify as godrolled weapons and armor, and then masterwork them all. Additionally, we could create loadouts. I could work on creating a specific set of masterworked, godrolled weapons and armor for long range pvp matches, one for short range, one set up for raids, one for nightfalls, and so on. The grind is definitely still there, in fact it's probably been prolonged, but this would add so many more purposes to it. As opposed to using the same 6 or 7 weapons for everything because the infusion system is unfriendly and farming for top tier perks on weapons is not very accessible