The amount of misinformation about Destiny on this thread is staggering and i would hazard a guess from people who dont actually play the game. To call a game that has over 500k (800k yesterday) daily players 'dead' is laughable. Looks at WF steam stats *rolls eyes*
Having a few new warframes per year, tennogen, a lifetime between Tennocon announcements and implementation, and no end game isnt a solid content 'model'.
Many MMOs adopt the model Destiny will be using including Final Fantasy. It doesnt mean a game is dead or dying it is making it more accessible. In their Vidoc Bungie stated they are making Destiny the MMO they had always wanted it to be.