We should be able to ascend Rare Items and green items. We should spend one Etheric light on a blue and green and get it to light lvl 46 and in the process of ascending them it should get a Reroll and recieve legendary stats. I would imagine this would be easily implemented and should add [b]Aesthetic Diversity [/b] to destiny. On the topic of rerolling i feel that we should be able to reroll armor and recieve different modifications, such as Ashes to asset and serpents tail, we should not be able to reroll intellect and strength.
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I definitely agree, currently aesthetic diversity is extremely lacking and I think there are several old skins and models that are left unused and unseen when it gets to higher level play. I still have some old gear I've been holding onto (Cryptid and Stratus armor sets) because they have my favorite look in the game, but are no where near strong enough to be useful. It's a shame we have to powergame above having aesthetic choice and more customization options.