If I were to create a character after August 1st, 2017 (the deadline), what are the rewards/features I would miss out on besides just the emblems?
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Edited by Kommissar K: 11/8/2017 4:56:00 PMAll you missed (as nothing can be changed on this now), are the emblems, being able to take the same character (in appearance) from D1->D2, and some fairly minor conversation flags during the base game (usually story explanation stuff). Now that the deadline been passed, you won't be able to make a D1 character and see it in D2.
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The cut off was the 1st August. After that date. Character transfer, earned emblems, legacy phrases in fact nothing from D1 affects D2. Nothing can be done about that sole fact.