Less content? We have WAAAYYYY more content then what we used to get before micro-transactions. We have a constant flow of new events and small DLC's (seasons). In D1 we went almost a year at a time without anything at all.
And what do you really get to do in that seasons without buying the season pass? One dungeon and one public activity you will do rinse and repeat with battle pass. More? sure but also cost you money and what do you really do in that season if not something similar to what you're used to do before? And compared to the time before micro-transactions, how many things in the eververse now?