22 Exotic weapons currently that is 14 less than the new maximum. Even if you had a full set of CE Weapons that would still leave you 5 more slots for whatever else.
There are only 26 exotic armors which is 2 more than the new maximum. Most exotics armors have little to no use at all and unless they fit your build there is not a single reason to keep them.
Why would have more armor than you can equip to begin with? I have literately seen people holding onto the Vault of Glass armor still...
Point is, you got what you wanted, if you can't fit anything in it with what you are given....the problem isn't the system anymore it's you.
Quit being spoiled children or quit playing the game, it's as simple as that. There are people that have cried less over Xur.
Edit: Anyone Arguing about Crota, VoG, PVP, or Burn Gear. I have a set for all of those in my vault and I have 8 slots still. Try harder with your arguments please. All the problems that are had right now are something that you the player can fix yourself, but you refuse to because you want to cling to every piece of gear like it means something or has value when it doesn't.
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9 raid weapons per raid, 9 faction weapons per faction, 9 Crucible Weapons (+9 old-kept my Final Boss you dick), 9 Vanguard (+ 9 old...keeping my Epitaph you dick), 9 Iron Banner Weapons, plus Eris Weapons, 22 Exotic Weapons. Sorry but I don't enjoy getting rid or perfectly good weapons that I invested my time into upgrading. I like to collect and pick unique load outs, it keeps the game fresh and there is always something to do, as all the weapons in Destiny are very situational. You sir, can politely F off. Nobody cares that you don't want vault space. We all want it. [b][i]GO DISMANTLE YOUR GJALLARHORN[/i][/b]