I saw this posted on Reddit and in B.net Regulars Group (props to THORSGOD in B.net Regulars)
[url=http://destinydb.com/items/1592588004-shield-of-heroes]Heroic[/url]
[url=http://destinydb.com/items/1592588005-shield-of-legends]Legendary[/url]
[url=http://destinydb.com/items/1592588006-shield-of-mythics]Mythic[/url]
For those who are not familiar with this site (lolnewb) there were once Member Titles listed as Heroic, Legendary and Mythic for users with specific criteria (there were also surnames but those are irrelevant).
These Emblems aren't named as those titles specifically probably because of the Halo/Microsoft split but we have Hero, Legend and Mythic still.
I personally don't think it's a coincidence that these exist. Does this mean there will be exclusivity to the player emblems? Emblems based on a set join date perhaps?
#NewRecon
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When I got mine, (and I have been a member of the forums for about a decade) they explained it to me that I got the banner because before the website change, I was an "Intrepid Mythic Member". I had the blue bar and everything. Cool of Bungie to acknowledge our loyalty that way.