What most people are failing to understand is that Destiny is not just like any other game where progress doesn't matter once the game is over since Destiny is built by the memories of your first time completing your first vault of glass or the first time that you got the full raid gear which I'm pretty sure took a lot of hours. You can't just delete our characters as they are what make Destiny, Destiny. Our characters tell a story, a story of how you progressed and the times where you made friends to accomplish something like perhaps the raid or trials of osiris. It would really be heartbreaking to see the character we made since day 1 just suddenly be considered useless. I really doubt Bungie would make us make new characters but I'm sure they will carry many things over at the very least.