Ok, since this movie is obviously set in the past from what Nomura said, could this not be the memory? The first KH Secret Ending was a memory of Roxas. This could be the Xehanort's memory that it mentions. It's just a thought.
Also, I will state also that it is Sora, Riku, and Mickey's keyblades. I would like to know if anyone knows quite why they look so worn or has an idea about it. I understand it could be from use, but if it's set in the past why do they not look like that when we see them like that when Sora and company use them? Do they magically clean themselves haha?
Going with this dark, light, and twilight theory:
Kingdom Key- Light
Way To The Dawn- (name states what it must be) Twilight
Mickey's Keyblade(does it have a name? I don't remember it if it does.)- Darkness (He resided in the realm of darkness with Riku. He also studied darkness with Ansem The Wise.)
Also, there can be a dark/evil keyblade master. Nomura will be making Kingdom Hearts sound a bit like Star Wars, but it is possible. I think it was one of the Ansem Reports which said that the keyblade is possible of bringing chaos or peace. This means that there may end up being a rogue keyblade master who whoever they make us play as fights.