In Mario 64, The final staircase is endless. You climb and climb and climb and never reach the top. You know what's at the top of the staircase, you just can never reach it. Until you get enough stars, but ignore that part.
My problem with the endgame of LE (a game that I still adore, by the way) is that I reach a point very early where I can easily conceptualize upgrades to my gear. I want particular uniques, with legendary potential, I want particular t7 mods on good bases with other good supporting mods. I want to move good exalted mods onto uniques, etc. But I can play for 5 hours and not make a scratch on any of these goals. It's easy to see what changes can make my character stronger, but none of those goals seem obtainable after you try for 5-10 hours or so.
I believe the devs are already working on addressing this, just thought I'd put these thoughts to words.
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