Neverwinter details the mechanics of loadouts

Aesthetic loadout.
One character build cannot be used for everything in Neverwinter if you want to be the best at what you’re doing. Certain situations require different gear, different Feats and so on. The Shroud of Souls update announced yesterday promised a solution to that problem with the addition of Loadouts, and the latest development update explains exactly how players will use the feature to quickly swap from one build to another in the blink of an eye.

Players will automatically be granted one additional loadout slot when the patch launches, with a grand total of eight available (the remaining six are purchased in the cash shop). Upon first swapping to a new loadout, it works like a full respec, allowing you to change your powers, boons, feats, ability scores, gear, and so forth. Subsequently, you can swap between loadouts at any campfire or safe zone, allowing you to have a separate setup for solo play, group play, PvE content, PvP content, or whatever your heart desires.

Meanwhile, console players are getting a new lockbox to open.