In the new trailer for The Taken King, we see lots of new footage displaying the Dreadnought and the Taken King himself. We also see what appears to be Prince Uldren charging into "The Fight for the Dreadnought" with a face showing fear at its finest. In the clip before we see the Prince, we are show the Dreadnought using what one would describe as a explosive bubble thing that destroys everything around it. With the clips in this order, I can only assume the sassy rude Prince.... Dies!
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Prince Uldren is the best character in the game's story thus far, so hopefully he doesn't just die in an opening cutscene or something. If anything a storyline where he is the main antagonist would be cool.