Do you read the forums? Everyone knew this was going to happen months ago (it is the way the game works).
You do know that the damage number isn't the only important stat on a weapon right? The mythic bows still have better stats in just about everything else, including the procs.
I just recently invested in a frost bow, and I'm still using it, and I will be for quite a while. It is a great weapon.
Just relax and enjoy the game.
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