Just resetted, and got around 1k rep back while playing last night.
Until now, I haven't seen a single Iron Banner Shader or Emblem Drop. I opened every IB engram, and got no leggings for my warlock (and I only farmed on it). Barely have seen any guns beside Autumn Winds (I get 1 or 2 everygame) and no other Crucible Weapon.
Dropped the Slug Shotgun twice, the Fusion once, and the SMG twice.
Idk how many matches I completed until this point, but it's not fun. It's not grinding either, since there's no loot to pursue, because bungie gave us no loot.
Oh and, 7 Bonds, 3 helmet, 2 Chest Pieces, 4 gloves.
All below 62 stats, and far from having any focus os stat spike.
The loot on this game is in a terrible state, and the activities are getting extremely boring. Good Job, Bungie.