The shader has been nerfed. It no longer looks badass. The Boots of the Exile and the Cloak of the Exodus (Dead Orbit Faction Cloak) are now a white color. Looks bad and no longer unique .
Poor changes if you ask me. Bungie, if you're going to make its colors grey/white, update the Shader emblem to Grey/White and not Black/Dark Grey.
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It never looked good...