Yes you lv needs to be 26 to play it. If you are playing with a great team you might not need a mic to play. (I just started using my mic on my ps3 to play it.) More info below add me if you wanna play sometimes. (PSN:Nejithegreat)
http://www.bungie.net/7_Let-the-Raiding-Begin/en/News/News?aid=12141
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Well here's hoping I don't need one when I get there