Yeah it's decent, although I can't quite figure out how to get the special armour yet.
Get 'Synths' from bounties, (looks like those green things Drifter is constantly flipping).
Insert synth in the 'Mote Synthesizer', (gotten from initial quest from Drifter).
Enter Reckoning. Wager mote in the bank before dropping down, check side on where to insert.
Complete reckoning, pop back up, loot bank - voila, armor.
Gotten a fair few pieces on both the Hunter and the Warlock. Seems the T1 amor only gives +1, so have to do some tier two for armor with some more oomph. In the process of raising light to 670.