I'll start by saying I think Bungie has been doing a great job with seasonal content for Destiny 2 since Beyond Light. Aside from a few quality of life gripes, you're on the right track. Better storytelling, better activities, and a whole lot more fun than Destiny ever has been. That being said...
Now, I'm not a fan of PVP in Destiny 2. Haven't liked it much ever with exception to a brief period during D1; even managed to go flawless in Trials during that time. That being said, I think it's pretty crappy to string your community along like this. No meaningful effort to fix PVP. No fun content or modes. Not even a new map.
You're alienating your PVP players who have been sticking with you in spite of near zero effort on your part. To make matters worse you're pissing off PVE players who have to wade into that hot mess every week for their pinnacles and quests; and put up with content being locked out of the PVE experience (Warlock turret) because you can't manage PVP.
At this point (to me at least) it's simple; either do something meaningful (a roadmap?) with the PVP in this game to fix it or say you're cutting it from the game completely to make room for a better PVE experience. Cause PVP the way it is is just making the game noticeably less fun.
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You could just say shit