As a non-legacy player I had always had an interest in what the 1.x experience was like and have been slowly absorbing the available resources that document that era of this game. I had very surface-level knowledge about these earrings and hoped that this event would be an opportunity for legacy players to be reminded of the particular encounters (hopefully good memories) and possibly initiate some discussion surrounding it--perhaps even initiating some interest to non-legacy players to what these earrings were about. I would like to think this was a partial reason for why these earrings were selected, after all it is "The Rising." I expected some controversy as well, but not such hostility.
I am still quite the novice in the game: I play mostly two jobs; I do not PvP, raid; and I have not cleared all of the extreme trials, so feel free to paste over my thoughts. In my reading and interpretation of the argument of staff's comments stating such items to be "unobtainable" those many years ago, I believe, in context, was to mean that since such items were associated with legacy encounters and such encounters no longer being available in ARR or able to be incorporated at that time and foreseeable future, then these items would no longer be obtainable post 1.x. One (I think) can reasonably extrapolate exclusivity to these items for those who first obtained them. I suppose whether this is then expected to apply for all time can be debatable. Then there is the opposing argument citing the Terms of Service whereby Square-Enix can essentially do what they wish with this game. There is also some debate concerning encounter difficulty equivalences.
Parading such arguments and then mic-dropping in my view is petty, and so are assigning time or dollar-value contribution comparisons. I believe such use of these and other technicalities do not address the actual issue of value and devaluation that people have: actual or realized; intrinsic or not. These issues are more varied and complex that do not have a silver-bullet solution that will satisfy every individual. I am not choosing a side, and do not know what the "correct" action is.
In the end the event is going to (probably) happen and each individual must decide to take it however they will. There are persons who are legacy/non-legacy, have/do-not-have, that advocate and oppose the earring being now available. Making this such a vitriolic wedge-issue and spouting some conspiratorial notion of abandonment of some base or appeasement of another I believe just saps both the FFXIV team, the players and community. None of what I addressed progresses the issue at hand, I admit, but do we have to be so in love with such hostility toward each other?
(I mean come on, Mr. Soken kicked a box for percussion--like holy cow how awesome was that? Remember that? Remember when we all got a kick out of that, too?)