I think this rumor is absurd. If we're not able to use our old loadouts and weapons that have become essential to our arsenals, then we're forced to use these new weapons. The old exotics could never be replaced. I hope this isn't true, I feel that Destiny would lose quite a bit of players due to this.
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as far as im concerned they never should of in the first place. tower gear should of stayed in place. needing to complete vog then crota then poe in each one outdating the prior but needing the prior to ascend. I welcome openly a new arsenal then the constant drum roll of thorn tlw gally suros felwinters etc. hopefully is the next expansion they get progression right.
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I can't imagine this will actually happen. Biggest reason is destiny released 3 exclusive exotics to PSN. Why would they give them to us in September if they won't be relevant?