I don't know if this is possible but why not let players keep the items they get and reset the levels. I find it to be a good solution. ( I mainly would like to keep my legendary gear from the iron banner that would effect the gameplay because it is cosmetic)
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Here's what I think is i don't care if I loose all my gear just wanna keep my level because of this: destiny really isn't about levels that's why the level cap is so low cause it's really about gear once you hit level 20 there's so much more to do. So why freak out about people being on a even playing field? If people didn't play beta that's their own fault they should have pre ordered like we did. And if u did do beta and u don't wanna transfer you stats okay that's fine delete that character and start a new one