Devil's advocate: Ascension was a bad idea to begin with. No one really wants any of the HoW gear because you could upgrade the gear you already had, and it was much harder to get HoW gear with the stats and perks you wanted. Not only that, but the guns were garbage. Besides, your gear becoming obsolete with a new expansion is nothing new. As a long-time WoW player, this is par for the course. I remember almost immeadiately sheding my T10 raiding epics for quest reward greens when Cataclysm was released, and I don't expect Destiny to be any different. Also, why would you want to keep your old gear? A new expansion means bigger, badder monsters to kill for loot that will be better than anything in Year One. I could see you keeping gear for cosmetic purposes, but beyond that... The point of a game like Destiny is to kill monsters for loot, that you can use to kill bigger monsters for better loot. I'd gladly trade my legendary gear for a chance at something better.