Clearly they’re making it so Y4 will end with everyone at 1000 power and then we’ll get the next big drop; which will either be another year of seasons plus a shadowkeep-esque campaign expansion — or D3, which will be dependent on the success of Y4.
Should also note the timing of this with the arrival of the Veil and the reveal of Savathûn. I doubt these will be in the same release.
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People hit 1000 already with the artifact.