S12 Gambit is being Merged. Depends if it'll be Gambit Prime or regular. Also S12 Gambit is getting New Sets. Just will have to wait and see.
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No , year 4 is getting A new set. 1 set, for the YEAR. And its for ALL 3 modes (gambit, crucible,strikes). Each of those modes will have 1 ornananent set for the year but it won't greatly change the overall shape etc, just faint colour differences. It's being done because people complained about being forced into modes they didn't like. Oh and making content is hard