I agree with the OP.

As for everyone's suggestions I don't think FATEs should have their experience reward nerfed. I think it would be a better idea to reduce their spawn time so they're a little less common than they are now. I feel FATEs should be more like these interesting public events that appear on occassion rather than there always being one available. Even when there isn't one in the zone, one will appear less than half a minute. I think there should at least be a 3 to 5 minute gap between a FATE appearance in each zone, or longer.