Yes, as you heard it, 'My Wardrobe' will be a nice name given to this new feature.
As we all know, many of us would love to have their own unique set, made by themselves with the armors, helmets, costumes...etc provided by the game itself. But, to be able to achieve that, a wardrobe would highly be recommended, for us to be able to try out the specific sets we would like to see.
Here is what I suggest, a new feature, where one can try out any armor, helmet, costume, accessory he/she wants! The Auction provides only part of what there is in the game, not all armors...etc are available there.
I've always been trying out new stuffs that would make me look unique to others, but it was proved to be impossible with what we only have at the Auction.
For example, I wanted to try out the new 'Medieval War Helmet' with one of the 'Plate Mails', but unfortunately, not all of the 'Plate Mails' were available! I had to imagine what it would look like in the amor I dreamt to have; completely confusing and almost impossible. Now, that is for one armor only. Just imagine I had to think about accessory, armor, sword, guns, all at once! I'm sure even the developpers would agree with me, that, it is annoying.
There should be this new wardrobe stuff, with it, everyone will be able to suit himself with the armor they always wanted. I'm sure players would spend hours just to be able to see what their Knights would look best in.
My opinion; the Wardrobe should be like the 'Preview' thing, same, but there should be an additional stuff which enables us to search for any armor, any helmet, any accessory...etc, a bit like the Auction House, except, all stuffs made in this game will be provided here, all categories!
Or, it would be even better if it completely takes us to another world when clicked on this new feature, where, maybe there's a big wardrobe, where you can choose the stuffs you would want and then preview. For this part, it's up to the developpers.
I hope this new feature makes this game even better, and I hope the developpers agree with me.
Get the armor if you want the armor.
Get the costume if you want the costume.
Contrary to the accessory update, cosmetics are not a main focus of this game; but Three Rings wants you to believe it is because they are trying to imitate Valve with TF2.