As of yesterday, and the changes Bungie made:
I never did the loot cave, so that doesnt bother me. However, I understand where people are coming from doing this, and the Nexus event over and over.
The Queens Wrath nerf was outright brutal. Is it possible we were getting TOO many ascendant shards? Maybe. Should they have cut them out completely? NO! Instead of carpet bombing the event like they did, they should have reduced the shards to one. Every legendary you dismantled should have given you a little higher glimmer, and a single Ascendant Shard. Instead, you get pretty much what you get if you dismantled an UNCOMMON or RARE. No, no, NO, Bungie.
The Queens Wrath nerf royally pissed me and a bunch of my clanmates off, to be sure, but there was some good that came out of it as well. The changes to the drops have already been felt, at least for me. As of yesterday morning, before the update, I had a total of around 15 legendary engram drops.
Here are the results:
First legendary engram... EXOTIC HELM! For a frakking Warlock. I am a Hunter.
Legendary engrams #2 through #14(ish)... all Rares, except for one Uncommon.
Yesterday morning, pre-patch, Legendary #15... Legendary CLASS ITEM! Wait, what is this?? For a Warlock??? AGAIN!???!?? /sigh
I come home last night, there is the update. When I went to bed last night, I had gotten (via upgrading the cryptarch to level 8, and leveling up Vanguard to 3) three legendary engrams. The first gave me an Exotic, which turned out to be the Ice Breaker sniper rifle, and let me tell you... all of a sudden, all the other engram troubles washed away. I was sooo happy. Then the other two netted me a legendary pulse rifle, and a legendary rocket launcher. So that DEFINITELY seems to have improved.
This morning, before work, I got on to find the Agent of Nine (he is in the flight hanger area now, folks... at the bar looking place all the way in the back) and I wasnt happy with the Hunter helm. Its ok, but its not the Mask of the Third Man, which is what I want, and I didnt have the coins for it at the time. So I didnt get that, but I went for it on the exotic helm engram.
Results... Exotic helm... for a titan. ROFL.
So there have been some improvements at least, but the Queens Wrath thing needs to be addressed by Bungie. Their forums are stirred up something fierce as of last night.