Seems a lot of players are going in just to get etheric light, but those needing it are exactly the ones that don't have maxed armor/weapons (that's why they need it) and are not too much into pvp or they'd already have it from ToO. To top it off, Bungie's notes state that level advantages have been upped a notch. It's not going to be pretty... PS - yes, you can go in with one maxed exotic weapon, but level advantages will be more pronounced so a 34 with a 365 Thorn should win over a 33 with a 365 Thorn, all else being equal. Bungie said "Power still matters, and it matters a little more as the delta between two players increases", so I guess it will come down to what "little more" means to them. I'm calling it a massacre, we'll see.