To be honest: as a lady I dont feel very praised or celebrated by them putting up three pieces of eye candy on a stage and including something thats most likely gonna be some sort of dating-sim again.
The first iterations of this event had little to do with "praising women" aswell - one was actually about praising the goldsmith-guild for crafting the Edvya-Doll and the other one was about the relationship between a father and his daughter and him trying to do something nice for her, if I recall correctly.
Since we're having the idols its not about women being superior either... its about a girly pop-band. So I dont really see where you get the idea from that this event is about "praising women" except maybe from that one, six year old quote.