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I'm extremely upset. I guess they must've been thinking that it wasn't a sustainable gimmick-- having to come up with further-improved models and dex entries for new Pokemon AND old Pokemon every generation is already hard, without having to also worry about adding so-and-so-many megas. But come on... why give us Pokemon and Megas, only to take them away? It's like taking candy from a baby. Now we're back to old meta Pokemon, which was extremely stale, plus Dynamaxing which is just fucking stupid. The competitive game is basically going to become "Whoever Dynamaxes first wins immediately by sweeping 3x Pokemon in a row" OR "Whoever Dynamaxes first loses immediately because somebody swaps in a counter that survives the hit and Dynamaxes."
The best way that they could handle this is by making Gigantomaxing "Mega Evolution in all but name," but I doubt they're going to go that route.