I just saw the announcement on the French blog, and it looks like the top 100 will get armor while depending on your rank, you can earn tickets for a weapon plus other things.

The blog didn't say much beyond that, but I for one am excited to get something besides accessories that no one sees or cares about. IMHO, all Feast rewards should be done via this ticket system - with the top 100 getting their rewards sooner, but making the rewards do-able for everyone else with time and effort.

Hopefully past rewards will eventually be part of this system as well so that we can spend our tickets as we please.