I think that it might be a bit unfair to let exotic WEAPONS into PVP. I mean think about it. Using the base assault rifle going up against an exotic. It's a bit unfair. However, I think that maybe they Should be included, but nerfed. That way it's fairer. A cool looking weapon, but with the same power as a classic rifle. Like halo. All weapons are standardized damage and stuff.
[spoiler]let the hate rain[/spoiler]
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Hell yes exotics should be in pvp, at full power. The only thing that makes Destiny pvp sound interesting is the fact that you can bring your same guardian from pve over for pvp fun. Without that it's just another lame monotonous online fps. With your guardian and equipment carrying over, and more importantly progressing and growing stronger in every game mode, it makes every game mode viable at any given time. There's no, well I kinda want to play pvp right now, but I'd rather level up my guardian. You think my exotic is too powerful, then go get your own.