Reaching rank 17 with Shaxx in the hall of champions states rank reset available. Eerr but you can't so not only does this limit the point of playing onslaught but reputation from the bounties won't do anything else. Bungie you MUST have known about this or is this just something else to stop us in our tracks, what's the point of doing any further bounties?
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Onslaught is boring as hell anyway. Just another repeatable activity which the fan base don't want and have stated they don't want it many times. What bungie should do is try listening for once and create new patrol zones or expand existing ones and attach some story, side quests and collectibles to hunt for, with maybe a Vex Strike Force type activity thrown in for exclusive exotics.