I think your proposal is what most are looking for, with one caveat. They seem to be focusing a ton of their effort on eververse, they need to spend time fixing core systems and bugs and adding more to do as well and less on cosmetics.
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For sure, the main focus of their effort needs to be focused on the game itself, and the major mechanics/issues/content. Just like Destiny 1 the eververse items are supposed to be fun extras, not the main focus.
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Except you don’t have the foggiest idea where their weight of effort is.
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The bulk of what's come out has been cosmetic based or shallow dlc, what are you even talking about?
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First, DLC has nothing to do with Eververse. Second, you really are clueless if you think any of that reflects current priorities. Those decisions were made a long time ago.