Alright, so obviously the front page of Bungie's Website here says that TTK will go live at 4:00am CT (2:00am PST) on the 15th. However, my TTK download from the PSN store says it will be available 5 hours prior to that release time. So what's going to happen during those 5 hours in between? Can I play the new story or what?
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No you essentially download everything you need and wait