I think Chroma is their gateway into transmogrification. Transmogrification by definition is something that changes your armor's details and that is what Chroma does. They just need to take it a step forward by adding things like more colors, elements (have to subtle enough to not look like an active super), and maybe themed ones like Hive glow and Slime (kinda like Eris' eyes), and stuff like that.
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Yes it's the tip of the the iceberg with chroma. I'd like to see them go as far as letting us wear old armor instead.