I thought the same, when running around using it as a shotgun... but it has a couple of surprises.
This is all patrol, so take it with a pinch of salt...
It feels like it has better range than a fusion rifle and can (seemingly) kill multiple enemies in one shot... even those who may be a little distance back from the first. Ads feels good and I'd be interested to know how far the range goes.
I've got a feeling that this is only a shotty by name... feels like a max range, zero charge time, tightest cone spread fusion, which is a little nuts!!
Truesight is kinda meh, but there's no way I can test that in patrol... might take it into a master campaign mission and see if it has use.
From what I've seen with the perk active it beats all shotguns except for Acrius without the perk it's still like the 2nd best shotgun in damage. It has pretty strong ad clearing though the ad clearing part while it works in Raids and Dungeons does start to disappear in Master Raids/Dungeons, Master Nightfalls, GM's.
But it still does some pretty insane damage (Again 2nd best special without perk active best if it is) and with repulsor you get +40 hp per every kill essentially (Void overshields still aren't the best but this can help a lot especially with Titans).
High damage + good ad clear + some extra utility in the void overshield and weaken = a pretty strong weapon.
It does however have 1 massive drawback. Ammo. Ammo is an issue for all shotguns and I often didn't use Conditional outside of champions or bosses so I never noticed how bad it was till I used this.
Edit: Also forgot to mention in pve it gets +50% range (All shotguns do) which is why it feels like it's in fusion rifle ranges because it is.
Ah cool!! I've been using 1-2 punch shotguns in pve, so that's definitely force of habit, I think.
I've always got around special with heavy ammo finders combined with lead from gold... so double special (the call) or running special ammo finders instead.
There are extra weapon (max enhanced) mods for ammo now, so could get use as well perhaps (overlooked special, there's definitely a heavy option)