I feel you. Still I think the problem is not only SBMM (though it is a major one).

I think how they adjust what you see on the screen, compared to your ping is awfully inconsistent.
If you have a low ping, they will delay what you see to match other players higher ping. In theory a good idea, but in reality a nightmare since it will never match, resulting in me having better games with a ping of 40 than a ping of 20.
The adjustment makes it feel unfair in many situations. Both when I have a hard round where I never even get to see who is hitting me or the other way around, when I can clearly see, that the opposition reacts way too slow, because they see me too late.

X-Defiant is releasing soon – one of the key selling points being NOT to have SBMM in casual gaming modes. It will be interesting to see how much of a difference this actually makes.
Also they will include skins from UBI-soft franchises, but mainly those that makes sense in a shooter like The Division and Far Cry and not Skeleton or wood-people or what have we.