It would give the gunsmith some business, and give us something worthwhile to use our Motes for.
Also would give me a reason to have more than one type of the same gun. I usually just dismantle ones with worse stats to save on space. It would be fun having an Ice Breaker of each element.
Edit: Legendary weapons only....ignore my greedy Ice Breaker comment.
Edit 2: Maybe make it just one reforge session per weapon..once you leave the vendor after reforging, that gun can't be reforged again.
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I just used 20 motes to get the IB fusion rifle to have Void damage....I don't even care about the other perks at this point lol. But I had to farm for glitter to get all the IB stuff...it kept me busy and with a purpose (game wise). I could see myself spending a lot of time to get notes to reforge....considering I had over 40 before IB and now I have none.