I was just in Tormenta at the gold room looting and I was like, "huh, why am I taking so much damage at the end of the fight?" and then I saw that the blade was nerfed and I was like, "oh".
Being the first to find the weapon and using it, it did make it really easy to solo enemies/bosses because of the drain health and seeing I was like lvl 33 or something like that and soloing with general ease, I can agree with removing it as it is kind of random for Jack's weapon to have it. However, the blade honestly has become pretty lack luster now, and that's ignoring the drain health, it's just not special anymore. Maybe if it was rank 4 crit instead of 3 it would stand out more from other non legendary cursed weapons but, it's not.
I do feel like the weapon needed a nerf definitely but, I also feel like people were complaining too hard about it which could of made the devs think that they had to nerf it fairly drastically when you compare it to how it was before. Most of the complaining came from the people that didn't have it and said it wasn't fair to those who spent a lot of time looting but people need to remember that it's just luck when it comes to looting, that's it. You can loot faster by using certain tactics that people may of posted on the forums and on youtube to loot faster but it still won't really change your luck all that much so I don't know why people were getting so butt hurt over that particular matter but that's a topic for another day.
Regardless, the weapon did need a nerf, but tbh, it was over nerfed and it really doesn't have that awe factor like it did before, it's really just another lost sword at this point, maybe, like I said earlier if it had rank 4 crit to make it stand out more than I think it would truly be fine but for now and possibly indefinitely, it's just another lost sword and that's kind of lame.