You quoted legality by referencing the terms of service. I simply pointed out the terms of service is not legally binding if a court of law considers any part of the, "contract" to be deemed unreasonable. Much as you may think that a terms of service allows a company/service provider to change content at any time without user input it doesn't. Statutory rights still apply.
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Year one content is still there, still playable.
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Not all of it.
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What part isn't? Heroics? End game. Iron Banner? End game. Nightfall? End game. Daily mission? End game. The end game content is just that. If you want to get to the end game content, gotta upgrade.
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Sepkis prime as nightfall should still be available and be tuned to lvl 34 as should any other vanilla nightfall strike.