DeeJ just posted on Twitter that Faction Rally will be postponed, until it can be made available to everyone.
Link to the Tweet here: https://twitter.com/DeeJ_BNG/status/940361654063079424
This information also is included in the new Blog Update here: https://www.bungie.net/en/Explore/Detail/News/46537
Thank you to TuxyDoh for making me aware of it. I've missed it initially.
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It would be funny if Bungie ALSO did this because Bungie didn’t sell enough CoO copies so there are more Destiny 2 Vanilla players than Destiny 2 CoO players. So they need to keep both groups combined for faction rallies and IB to have a large enough population. Again a thought.