I think it would be cool to have an exotic Vangaurd class item that could be earned thru a quest like the factions have.
Come on Bungie, show the Vangaurd some love!
Edit: Several people suggested having an exotic crucible class item too. I like the sound of that also!
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Personally I think the faction ones should just be modified to let you choose the faction or Vangaurd or crucible