This ought to be addressed. The exclusive armor sets are only rare (blue) , and only drop from the strike playlist, which you'll be at least level 18 before you start playing. By the time you get all four pieces you've already started moving on to legendary gear. This makes the incredibly awesome looking exclusive armors completely and utterly worthless and pointless.
There are a few ways this can be addressed, any of them will work great:
1) A skin swapping system, like Diablo 3 has, where you can take the skin of any armor you've found and put it on any other armor.
2) An armor upgrading system. Similar to the engines sold by Xur that can turn a rare sparrow into a legendary sparrow, items that can upgrade rare armor into legendary armor, so you can keep the cool looking armor you like and make it worth wearing.
those are just two good ideas about how to fix the problem of our exclusive incentives being completely and utterly worthless.
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You really shouldn't complain considering all the Xbox users who complain about the exclusive content are immediately shamed to silence by the PS fan club drones.