green items are a SET of items, theres only a limited ammount of different green items (like 3-20(?) for each class).
Green items seem not to be made of components, they seem pre-build and not customizeable (henche the fact they have a special name).
All green items have max stats and are better than the best golden items, most are different from PvP items, some are just like them (just to compare them)
green items ONLY drop in the new areas and only by the bosses there.
green items are named after the bosses that drop (and use) them.
of course this needs more research to be sure.
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