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I just got it last night and I thought so myself at a glance. i found it surprisingly effective during the lamp part of the raid (the beginning) as it has a super quick trigger with really decent stability. Also it's a great weapon in the crucible during a tight map like the Anomaly.
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Fusion rifles are going to crap all over this thing :D
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Yeah the range isn't so great but the rate of fire for a shotgun is best in the game