I loved and still love VoG armors.
Zhalo and Telesto are a step in the right direction, and above the other new exotics yeah, even if they still seem a bit mild and "safe"...
That's my current stance as well.
They obviously spent a LOT of time designing the raid, making sure that it was solid enough that no exploit could arise from it, but in the end it feels too stiff for my tastes; it just is one big partition you have to play near perfectly from start to finish, there's no improvisation to be had. But where they really dropped the ball was on the loot: it's ugly, it sucks, and it has this double RNG thing tied to it.
What I really dislike, though, is how little content there is now at end-game (mind you, I don't really fancy PVP): only one relevant raid... and that's it. At least during HoW you could still run the old raid if you were late (as I was) on their drops...