Thanks to the new video showing off the VIP rewards, we now know that we have a giant Shank boss. So Shank Burn is going to actually do something now, right? Wrong. Unless new TTK weapons have Shank Burn on them, the old Shank Burn Weapons will (still) be useless, since they will have only half the damage of new TTK weapons.
Side note: that Fusion Rifle looks like it did precision damage. A new exotic or a new Fusion Rifle mechanic?
http://imgur.com/yXQMCCr
http://imgur.com/b4B6hwK
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Or .... Bungie is going to have an end of game to allow us to upgrade old guns