Destiny 2 New Light will include everything from the game's first year. This will include The Curse of Osiris and the Warmind expansions. It will NOT include Forsaken or the Black Armory and Season of the Drifter content. Buying Forsaken grants you both the previous expansions. The annual pass is required for the Black Armory, Season of the Drifter, and Season of Opulence content. That stuff isn't going to change until September. At that point, Forsaken will still cost money. What I don't know is if the second annual pass will grant everything in the previous one. That is the Black Armory, Season of Opulence and Drifter content. Oh, just to add, if you have Forsaken and all of that right now, you can get the Cayde's Stash exclusives that were part of Forsaken if you preordered it. They are placing one of these items per week in the Eververse store for purchase with Bright Dust for the first four weeks of Season of Opulence.