A lot of things are PvP and 'exciting' is wholly subjective.
Organic PvP always involves some element of uncertainty, some illusion or pretense of risk. CQC has no element of risk other than perhaps failing to find enough victims to unlock one's permit as rapidly as one might hope. Matches are often devoid of meaningful uncertainty as well, skewed so far in one direction or another as to make the outcome a foregone conclusion. Back when I was playing CQC semi-regularly, I could tell the outcome of almost every match I was in just by pressing tab and noting who was still around fifteen seconds in.
This was not an atypical CQC match:
Source: https://www.youtube.com/watch?v=epH5kI6c-18
That video is 41 minutes long and I was excited for a grand total of maybe one minute (mostly around that ten-minute mark) while recording it.
I'm excited the
entire time I'm in the presence of potentially hostile CMDRs in Open.
Only when trading...because shields have an uneconomical cargo vs. protection trade off vs. hull-based defenses. I can cram more than 700 tons of cargo into a T-9 with 5k hull integrity, adequate module protection, and solid countermeasures...or I can barely manage 600 tons in one with token shielding that isn't actually any safer.