I would guess one of two things.
1). The tower is about to burn. All former tower activities will be relocated to the reef.
2). All level 32+ activities are going to be relocated to the reef.
There will be a new cryptarch.
Their will be a new vanguard QM, with a new rep grind. Like: Elite Vanguard QM, starting a faction level zero. Similar with all other factions.
Or the vanguard QM won't have anything new, but their will be a new, separate marks vendors for vanguard and crucible marks once you've ranked them up.
New bounties since you won't need to grind the old bounties anymore.
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This new cryptarch better not be an ass