No, but you do actually get strung along. You get that subpar legendary every so often, and aspire to get something better.
Here you don't even get that. You get a blue, and another blue, and more blues and then maybe a subpar legendary after 3-4 hours lol. They failed with the carrot on a stick.
I think the best way to describe how I feel about Destiny is they took good core gameplay and then the worst parts of loot games and MMOs, like timegates and crazy RNG, and left out the things that make those okay. Tons of RNG is fine, but you tease people by making them feel like they got something nice frequently along the way.(Or have it be a low drop rate from a specific target. Having a 1/1000 chance of getting a special weapon that only comes from a certain boss is more bearable, because at least you feel like you're trying).