It only covers the first 2 expansions. Ive heard there will be more passes if you want to buy them that way. The bundle passes will be cheaper than purchasing seperatly.

Looks like I definitely should go with the limited edition that includes the expansion pass. Might as well.

So..am I the only one who thinks this is terrible?

I think it's the only way they can do a game like this and keep it moving forward. They will have a dedicated group of players who will buy new content and their friends who might play will also get involved, allowing them to sell more.

They just need to make sure the expansions are cost effective enough so that people arn't put off by a regular large price.

From what I understand the expansions are 100% optional and are not required content.

Ah, that's a shame. Not much of a saving then. Ah well.

Do you know if they launch first on ps systems or at tge same time on both

Also keep in mind some of these regular expansions may be very cheap or even free. I have zero idea on pricing models

the first two launch at the same time, I doubt any future expansions would be any different.  

Dropping $35 every 6/months or so for a ton of content equal to around 4x+ Borderlands expansions?

Nope!!

This just means this game will be supported for years and years and you won't likely see a Destiny 2 anytime soon.

I like that.