From what I've seen from videos, I'm going to have a lot of fun with this LMG...much more fun than the slog it took to obtain it. By a mile. This event was nothing more than another bounty-ful chore to run through, and wasn't at all fun despite all the "data" you have to show how many people were engaged in it (for the record, I call bullshit on their charts from last week and their piss poor scoring adjustments. Warlocks were NEVER in the running at all and Hunter were shafted).
Most people didn't play this event because it was fun, they played because of the weapon linked to it, not knowing when it might be available again. If that's how you're going to handle these seasonal events...keep them.
At least the real prize isn't trash. That would've made this thing a complete loss. But make no mistakes...it's still a loss even with Heir. Please bring The Revelry back next year. I'd rather have stupid buffs in PVP than this.