To clarify, Jack Sparrow's Blade is obtainable 365 Days a Year from General Darkhart. The point in which I referenced a 2 month timespan was geared initially toward the Hollowed Woods Legendaries. The problem with this Legendary's initial stats, and would retrofit your term "Elootist", is that the weapon from a combat stance beat out every other weapon available. Legendary Cursed Blades such as Lost Blade of Leviathan, or even the treasured Thunderspine couldn't compare to the damage of this blade, and it was obtained by an easily farmed and infamous early game boss, that essentially made the point of attempting to loot for Cursed Blades pointless from a "I want the best weapon available." side of things.
If it wasn't that the blade beat out even the coveted Leviathan, would it have been rallied against so hard in it's hayday. And yes again, weapons are balanced in the Player versus Player instance of the game to ensure players can't just rambo around with the blunderbusses and blow each other away. However, point and case still stands. I respect your opinion for disagreeing that you may feel that the blade is underwhelming post-nerf, but the current status of the blade is still very much competitive with that of the Cursed Blades comparing by stats, at least in my opinion.