I waited anxiously for Destiny 1, and even if it was disappointing when compared with some of its promises, I believe that it was an interesting and worthy experience. It seems to me, based on conversations with my gaming circles, that most of the people who spoke against it didn´t even finish the Vault of Glass, for example.
What has been shown of Destiny 2 doesn´t interest me at all. The graphics, the lore, the O´Donnell-less music, the Activision / Playstation marketing deals do show Bungie as a shell of its former, legendarily creative self IMHO.
That said, the list of reasonable demands listed by the OP aren´t stopping it from being hyped, bought and played extensively by the millions of those who already invested hundreds if not thousands of hours into the first, addicting but ultimately shallow game.