You can name it as you like, but "legendary" in original sense lost it's meaning with free handouts.
I'm honestly not interested at all. This concept is shit anyways, that only takes out equipment slots and effectively makes us have one (or more) slots less.
Especially with that massive failure in legion. Blizzard learned that it just doesn't work, same as bandaid artifact weapon garbage so we are getting essence like system in forms of covenants. Cause that is essentially what covenants are - azerite essences.
Targettable legiondaries are closer to benthic gear than legiondaries.
Soulbinds are nothing like artifact weapon. They are generic, not spec specific. And you can't activate them all. We all know artifact was a failure.
And covenants are like azerite essences, one generic active ability and one class specific ability.
Yeah it's clear, shadowlands is way closer to BfA than legion. In most of the aspects.