I've been asking for ages now, this game needs it!!!!
There are so much rare armour and weapon skins that look good but no one sees or uses it because its level 20 we need to be able to collect the skins styles and wear them as we like, this will add customization.
http://www.bungie.net/en/Forum/Post/84709352/0/0/1
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Hmm seems like gw2 wardrobe function! But I like the idea or the ability to upgrade certain equipment to higher armour or damage rates to legendary standard but you don't get the extra perks or light so there is an incentive to change pieces!