Here's my take: I pick up a weapon/armor my char already has/won't use, what do I do with it? Dismantling is always an option but my friend could use this, it would serve them better by using it then me getting a few Glimmer and some material out of it. Why not be able to give it to them?
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Maybe something like a clan vault where we can give/receive items from clan members???
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without a doubt, yes. Part of the fun of getting a rare item is being able to show it off and brag about it to your friends! This is a "social" game is it not? They need to start adding some incentives to play socially then.