Know the feeling mate, as i have 3 legendary items (rainbow) after i played some epic pachinko and got 3 of them, about 15 levels higher, but 1/3 lower stats ..so these are worthless as i would never use something it's much weaker than what i have now.
Not sure what they were thinking with this update or if they did try to think at least before, but only they know. Anyway good luck in keeping people to play your game if you keep it this was, especially new players like me (not me, as i will keep playing) ..with lower money overall, much lower stats on items, less boss battle per hour and so on.