Even if Kings watch is there I don't think they've finished it yet. I'm sure the actual physical space is there but the missions and stuff aren't designed yet.
Also I agree that those are placeholder icons. There is no way it is called reef raid.
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You're actually spot on. Bungie so far only figured out where and what the DLC missions would take place and they named those areas... crap like Reef Raid is only a code name so that they know that this mission is going to be an attack on the Queen.... even though I wonder how that came to be...
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I don't think it will be against the Queen. I think we will be helping her.
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I'll bet it has to do with the Fallen House of Wolves.