On the 360, you have a roster just like the One. Let's say you have 3 full pages of friends playing destiny. 1 page = 12 friends, that's 36 friends online playing Destiny.
Now, you can inspect every friend on Destiny AND compare weapons for every single friend playing Destiny. Accessing 14 different items from each friend and comparing to your own. That's the potential of accessing 504 items and comparing to your own.
That's way more than what's in your vault. A paging mechanism would solve the vault issues. And I've just shown its possible through the old-gen.
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I hear a lot of people saying, "The old gen doesn't have the power." That's nonsense. Look, it's the tower, absolutely nothing is going on in the tower that's in need of something opening fast. Unlike when you in the middle of a fight and you're trying to switch guns or use synth.....good luck with that. However, in the tower...... who cares if it's a little slow... It's inconsequential. They are trying to sell PS4's and Xbox One's..... for multiple reasons I'm sure.