As you may know, Kotaku recently released an article covering Destiny's original story. In the article they described a "supercut", which was basically all the cutscenes from Destiny's original story put together into one big film. They also talked about cut content, and how locations such as The Dreadnaught were actually supposed to be in the base game.
I'm curious about this, and really want to see that supercut. Only if we get to see it, we can decide if Bungie made the right choice in rewriting Destiny.
Edit: Added link to the article
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They could still be using the ideas for future expansions or even the next big Destiny game. I don't think they woulda thrown out the ideas all together, so it's very unlikely that you'll see the supercut