But look at it this way, SV has always been very bloated... In a normal build nowadays, you only usually see an SV hunter go into MM to get Aimed Shot (which is now impossible). Depending on how well the focus return from the crit thing is, you may not even really need to go into MM past the first tier or two just to grab the steady shot buff imo.
http://www.wowtal.com/#k=R-IIzm5D.9mn.hunter - Something like this for now.
If anything, I do agree that SV is a little bloated, and it has too many 3 point talents for the PvE abilities and most of the 2 point talents are PvP related (maybe Blizz wants to make SV the PvP spec again), but it's beta, and a lot will change from now till launch.