Did you do a quest yet? Got a shiny new class item that has killer defense strength but can't be worn until your at L40? Check. Did you take a look at all those awesome Y2 Exotic upgrades that you don't have to root around for blueprints that you have enough glimmer and shard to get right now. Oh, not 40? Yup. But what about your weekly nightfall ritual with your closest fireteam mates you can depend on to never get booted to orbit. You guessed it, 40 as well. So we get a week in a tweener state to wish that we were already at L40. Clearly the Taken King is already about the destination and not the journey.
edit: L40 NF requirement starts next week...in case you hadn't seen that.
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it's the same as always then watch, light requirements are next just have fun playing the game that's all