Some interesting questions here, my thoughts on the first two:
1. Believe I saw a means of turning in Etheric Light at the Speaker during the stream. Doubt it's too exciting, probably get glimmer or motes in exchange...
2. Somehow I have my doubts that year one weapons have been rebalanced with 34 as the damage cap. Keep in mind, [u]all[/u] the year one weapons are technically level 20...and they've probably been balanced as such.
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Yeah I'd say that those are fair expectations. Speaker trade-in has been the go-to before, its just a shame to see what was initially such a highly sought after item end up as glimmer fodder - even if many of us have had no problem farming the prisons weekly to have more than we'd even need under current ascension needs. Again, you're right, all year one weapons can be equipped at level 20 so it's not an unrealistic expectation - its even likely accurate. But It just doesn't seem to fit for me though from the angle that these weapons are currently viable up to and including the lvl 35 prison. They said that year one gear will be good for year one activities, however given the difference in damage between the 170 and the 280 vendor gear, it seems unlikely that that will actually be the case for the current high end unless Year 2 endgame spikes drastically.