As far as what's good: Mask of Bakris for Hunter is S tier for Crucible. Necrotic grips on Warlock with Thorn is S tier for PvE. (<--Bungie pattern right there). Mantle of Battle Harmony is also good for PvP. Then there's, you know, Titan.
Levelling provides a bit of pointless chasing, strongly punishes returning players having taken breaks away - which may be the real reason behind it, and reduces weapon diversity. It's a poorly thought out system.
LLS are just **another** Chumpion focused activity, really dull. But at least you can partially target loot which is some improvement.
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The new titan exotic is one of the best PvE exotics in the game now. Can't just act like they haven't gotten anything
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It is and one of the others is meant to be good for PvP. In truth, I merely haven't personally focused as much on Titan that's all and wouldn't recommend things I don't yet have.