You still can choose to use them, you're just limiting yourself by not choosing the new weaponry.
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To be frank, if we never had the ability to ascend gear in the first place, then I wouldn't be so bitter about this.. but the fact that they gave us this option, played it up like crazy, even.... only to immediately turn right around and take it away. That's just -blam!-ing irritating, and another example of poor customer-relations, not to mention foresight and planning.
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I'm being limited by Bungie*