http://fiveonenine.ca/2013/05/oh-hello-internet/ Starting in August, the Playstation 3 and Xbox 360 versions of Destiny will not be receiving major updates or content releases. Previously released DLC, like The Taken King, will be available on the legacy consoles, but will have limited access to some of Destiny’s events.
http://magiccomp.sk/?page=mail_product Players who still play on Playstation 3 and Xbox 360 will still have access to daily and weekly strikes and challenges, as well as raids and boss challenges. Xûr, Agent of the Nine will also still be available, but with a limited selection. Individual pieces of exotic armor and weapons will not be available to purchase. Encrypted exotic engrams will decrypt into year 2 exotics, and encrypted legacy exotics will decrypt into year 1 exotics.
http://qualityfirstcontractor.com/wp-json/oembed/1.0/\"http:\/\/qualityfirstcontractor.com\/2015\/10\/pella-window-bow\/bow-window-4-2\/\" Legacy console players will no longer have access to Trials of Osiris or the Iron Banner. Live events such as Festival of the Lost, Crimson Days and Sparrow Racing League will also not be available. Players will have to upgrade their consoles and purchase Destiny: Rise of Iron when it releases. More details can be found on Bungie’s website.
Destiny: Rise of Iron releases on September 20, 2016 for Playstation 4 and Xbox One.