I really don't mind if it takes away and exotic slot I got full raid gear and all characters , it will be awesome if the exotic drop gave us double reputation for the faction

bungie is a dick, they wouldn't give it any buff in any way shape or form

I understand what it is and where it is located in accordance to your characters customization. What I'm saying is they are not out yet but I would be willing to bet that because they don't offer any perks they will be considered a visual item. That being said it is all speculation until the destiny world, yourself, and I try it for ourselves.

what if the class item had upgrades?