Quote Originally Posted by Mjollnir View Post
Oh no! This is the Armoury Chest, merely for storing equippable gear. The Armoury Board is where the equivalent of gear sets will be administered from, using pieces stored in the Armoury Chest. Here's a link to a still from the Live Letter the Armoury Board was showcased in.
I think the Board was renamed to Chest, and redesigned (according to what they said about it when they posted the image, but I may have misinterpreted). Also, I was reading through the new updates and found this:
A variety of elements can be set to the hotbar, including character actions, main command windows, macros, items, emotes, target markers, and eventually gearsets. If you were to select the cross hotbar position first, it would require a menu with a very large hierarchy. We've decided to go with the lighter and simpler option first.
So it looks like gear sets are still going to be used in conjunction with the Armoury Chest.