Reset idea doesn't bother me. Same system is in Warframe. Adding Forma resets your weapons to level zero.
It's also completely optional.
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No, it's not the same system as in Warframe. In Warframe, you don't need to to it unless you plan to do something ridiculous like go an hour in Tower IV's. Even then, you can upgrade without forma and still get REALLY good gear... And even when you DO forma it, all you're required to do is get XP with it. That's it. Not spend hours also farming materials, also farming money, etc... Oh, by the way, forma doesn't cost in-game, hard to-get currency either. It only requires you do some missions and have a bit of luck. In other words, it is not at ALL the same system.