I have a couple of cool exotics in my vault (for my other characters as well when they're the appropriate lvl) that I won't be using because of my preferred ones. I also agree fully with the 1 exotic weapon/armor piece rule as many of them can be game changing.
However, I'd like to be able to use these other acquired exotics in some way rather then dismantling them. I was thinking some kind of Transmogrification system could be implanted so that we could change the look of any armor slot to the look of another acquired piece of gear in the same slot and of course the same class. It'd be cool if we could still show off some other exotics we've earned and further customize our looks to separate ourselves from other players.
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So from usable item to aesthtic item? Would it go back the other way in case you did it by mistake?