This picture was taken from Shores of time and looks to be a Dragon. And here [spoiler]http://www.bungie.net/7_Bungie-Weekly-Update---11152013/en/News/News?aid=11278[/spoiler] we are told that we may have swords and that one can be found on the moon, and the space magic is a given. But will we be able to bring all three together to have a fireteam of glorious knights ride into battle against a fire-breathing beast, and to smite it with blades and magic, like a cross of medieval and future?
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Even if the dragon was an extremely powerful boss, or an event. They don't need to be how they were in Skyrim.