My personal opinion is that it won't be worth it. Bungie needs to fix the issues with the [b]old content[/b], before trying to get us to buy [b]new content[/b]. They need to address the problems this feedback community keeps bringing up, rather than shove The Taken King down our throats.
Leave your opinion in the comments below; Bungie needs to know what you think.
Edit: So after about 24 hours, options 1& 3 are very close...
But option 2 still leads at almost double the others. Hmm...
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At least people are being honest by not saying that they are not buying the Taken King. Most of us will. I probably will, but unless i get an extra $40 that i didn't have to work for, I'll be waiting for it to come out and see if it is worth it first.