So basically what’s going to happen with the current gear is this. You will still have all the same gear pieces, and they are still the same “items” they were before (including stats and rarity level), it’s just that their models will all be switched to the model of the basic starter gear.
Then later on down the road when we re-introduce the gear from the original game, all of the models will be updated on those pieces to be the correct “re-imagined/updated” original pieces.
So as an example, if you have a the Crystal Wand, it will still say its name is Distantly Scattered Light, it will still be Epic, it will still have the same amount of stats (relatively, since the values have changed so we will adjust it for you if needed). But then when you equip it, instead of seeing the crystal wand, you will see the Beginner’s Wand model.
If you hang onto that piece of equipment and put it in your chest, later on down the road we will re-introduce that wand model, and if you pull it back out and equip it, boom it will be correct again.
So, you can hang onto those pieces if you want. You can break them down now if you want and unlock the transmog style (so you can use it in the future when it’s available), or to get shards. Or do nothing and just wait for the new game to come out, and break it down then. Or just hang onto it. It really doesn’t matter because it’s still the same “Item ID” to us, the only thing that’s wrong about it right now is the model that shows up in-game.
I should note that all of those transmog styles for the existing gear/weapons will not show up in Reborn initially even if you unlocked them if the model isn’t in yet, but then again we’re all still tracking that in the background, and when the model is added the styles will show back up as available and if you already had unlocked it, it will still be unlocked.
Hope that helps clear it up, and then basically you can just wait and see how it works in Beta Test 5 as well.