With new forms of crafting coming from rings and now Epic crafting, we now have many ways to customize our character's gear set-up. This is a good thing! I'm for anything that allows flexibility.
However, being able to craft other greensteel effects on these rings, and also the possibility of being able to consolidate gear through this crafting system and the upcoming Epic crafting, is no doubt going to have people banking greensteels that had these effects on them in favor of other gear set-ups.
For example, my wizard Sohryu currently has Blue Dragonscale with an INT +9 scepter in her offhand. After thinking about the new crafting and rearranging her gear, I'm starting to think it may be better to craft INT +9 when she gets her Rakhir's Ring, then switch to Dragontouched robes and a Greenblade/Skiver. So off goes her INT +9 scepter to collect dust in the bank, those ingredients seemingly gone to waste.
I'm sure many others have scenarios similar to this. It'd be great if we could "melt down" those old greensteel and get our ingredients back. I know I'd feel much better about Sohryu's equipment swap if her old scepter went to some sort of use.
I feel now is the time for some sort of Greensteel Deconstruction. The changing nature of the game has given us other options for our gear, and it'll be a shame for all that past crafting to be banked or even sold. Make it a favor reward, or put "melting pots" or some such item that would allow it in the end rewards list for 20/40/60/etc. Shrouds or ToDs, or (I hate myself for even suggesting this) offer it in the DDO Store.
A Dev response to this would be appreciated but I'm also interested to see what my fellow forumites think as well