It's honestly too late to add beards. Bungie has already decided not to make any significant changes.
Only minor tweaks.
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How do you know?
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Beta result changes were discussed in the 8/1/14 Bungie weekly update.
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Yes And they explicitly said that other changes could be made. So unless they were explicitly lying I believe they could add beards.
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They said "significant gameplay changes". Cosmetics such as beards are not gameplay changes.
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Meh. I'll not hem and haw over semantics. We'll see in September.