Rumors are rumors and that's all that they are. There is no truth to this.
Read this: Patch Notes.
People are misinterpreting the information and are putting their own spin on the posted news.
Merge Wardrobes.... LOL!
NEVER gonna Happen!
its going to save your wardrobe to their servers. for example you go to your friends house, put your account on his ps3, your avatar will be there just like it was on your ps3