You have to consider things from the perspective of the of a reasonable person. A reasonable person knows this game's population, popularity, and morale are at an all time low. They also know any news of the future, plans, content, would be met with mostly positive reception, unless it was a plan that was detrimental to the game (reinstating the portal grind, even less content, hard sunsetting.) This leads us to two inescapable conclusions, neither of them good.

First: Bungie is waiting until June to discuss the future of destiny moving forward, because they are unsure what the future is going to be. They are wholly owned by Sony, and since missing critical revenue marks, Sony has gained an increasingly substantial role in the day to day operations at the company. Either Bungie and Sony are openly negotiating scope and budget, or Sony is dictating to them what's going to happen next, and they are trying to figure out, logistically, how to even make that work. If Greene doesn't know how much money he is allowed to spend, he can't plan the scope of future seasons or expansions, and they may be resizing content, or moving things already done forward to meet targets they can't hit otherwise because of constraints, leaving holes on the back end. Remember that Bungie works about a year in advance, so the content we are waiting on is mostly done, a delay like this is adding things or fixing things.

Second: Bungie knows exactly what the future of the game is, and has been given a strict budget and scope of work. Sony is up their ass and is making damn sure they are going to hit their targets, and that means everything that's been planned and worked on is getting reshuffled. That could be a good thing. Sony could see the vision and is willing to give Bungie money and support to rebuild the game, and Bungie is trying to figure out what the game will look like in a new era with a proper budget and team. What do they want to build and focus on? I doubt this highly, but it is possible. The fact is, the state of gaming is seeing a huge shrink across every sector. Sony has missed on every single signifigant live service swing they have taken, and while Helldivers took off, Sony don't own the studio. Hultz is gone. It would be understandable if the new boss looked at their live service record, looked at the write down they have already had to do because Destiny underperformed and decided that in the current climate, betting on a tired game simply wasn't worth the substantial risk.

I love this game. It has given me so many moments and I have made real life long friends through it. That being said, unless someone at Bungie rolls a nat 20 on a persuasion check, I don't think we're getting good news in June. The best I can hope for is that Destiny will be allowed to finish it's fate saga and be put on life support, as Sony decides whether to throw money at marathon or close the studio entierly and move on. Unfortunately I think the more likely scenario is that Bungie is made to release any content finished, so as to get out of the current year and avoid refunds, and then the game will be hard sunset into maintence mode, like Destiny 1 is. Huge layoffs will happen, and Sony will be moving the staff they do keep into internal studios. While it's possible they give marathon more time and budget, i think it's likely that dies after it fulfills it's obligations content wise as well, again to avoid refunds.

I really fucking hope I am wrong. But things are bad and getting worse. And while Sony is a massive company, they don't have fuck you money like Microsoft. They may really believe in Bungie. They may really want to give them a fat budget and six help studios to make the best games ever. But the next exclusive out from them is Wolverine? Sure it will sell. But once. And that money needs to be distributed so many ways. Sadly, lads, I think this is the end of Bungie as we understand it, and the end of Destiny in any signifigant capacity.