We won't be max level... The lvls you see in the trailer and gameplay are 45, 49, 50 so we wot even be near it so the exp bonus would be a big help especially to those of us who have spent endless amounts of time grinding already. As for just cosmetic.... The early access weps, exotic class items..? Both are not cosmetic. And you say just cosmetic. So if we go by that then the 1year items given we be thrown out too. Since it's just black shader/emblem/sparrow, which btw there are already black shaders/emblems from dead orbit. (Again and those who buy the $60+ versions can easily get those "1 year loyalty items")