@Niwashi: I could get behind having at least one big event (as long as its not always just fate farm) that will take some time and shorter ones for the rest. And I also understand that its bad if its too grindy but maybe they could give us the main items after just a bit of grinding and the rest is just fluff that will come back each year. (For example instead of giving us housing items as a price for doing the quest, they could use them as items for grind. Now people that want them and have a house can grind them and they could be sellable too so everyone that would not want to go at it can just buy it at the MB. And if you miss the event you can either buy it or wait for next year)

Anyway I would just be happy with an event that takes longer than one hour...:/