I'm not sure if mmorpg reported on it, but the event is currently live.
Although I've played the game on and off for 2 years (as my 2 year gift tells me), I've never taken part in the event before.
What I like about it, similar to most of LOTRO's events, is that it's not really about grind if all you want is a nice mount and maybe an outfit or two. I got the goat mount by just doing the events once and attending a couple of firework displays (which are quite fun). Of course you can get loads more if you do want to grind, but compared to most games, I think they do this stuff really well.
I assume the goat's new since it's the most expensive (40 tokens), and that's all the more impressive that it's basically no grind to get it, regardless of whether you're a free player or not.
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http://mmorpg.com/gamelist.cfm/game/45/view/news/read/39403/Lord-of-the-Rings-Online-Ninth-Anniversary-Kicks-Off-with-Tons-to-Do.html
¯\_(ツ)_/¯
Events can be grindy, if you want everything, but if you have all, it's more like for the fun (and if you play them every year, you probably have everything...). Bree fireworks can be massive, I have some cool screenshots about it from previous years, coordinated shoots look great. The hobbit version is more of a mess, quantity over quality
And the beer brawl returned a couple years ago into the rotation, that's fun too.
Might check back, 20 days ago they removed the closing servers from the launcher, so now everyone is cramped onto the remaining 10 servers, and they're pretty crowded. I barely can grab envelopes on Laurelin, Bree is filled with people... not that I crave them much anymore, since the steeds were removed from the envelopes a few years ago, sadly.
(I miss the old servers, after everyone moved away... there was a Treasure Hunt weekend in March, a bit before the close-up, I was alone there - all the dig sites for myself, without competition :waving: )
The brawl seems an easy way to get tokens if you want everything, since it restarts every few minutes and takes little effort.
As for population in Bree, it's packed on Landroval no matter what time of day. The daytime task to find places for fireworks is difficult as someone else is always getting them first.
You get a base goat in Moria (slow and dies a lot), next to that I guess all the goats are either in the Store for high price, at the end of faction reps (Thorin's the fastest, but still a grind), event grind (Treasure hunt, Ale Association), or by luck, a very rare drop at the Treasure hunt event.
This goat is almost like a freebie compared to those. It's perfect for a speedy and sturdy ride around in Moria.
If seriously: festival offers some nice items, like Moria mirror, Moria crystal-like stuff and lots of cometic clothes.
Earning tokens is simple: at night - 4 tokens from fireworks, at day - 4 tokens from lost letters and inspiring interest in fireworks. When it's night, fireworks quest has 30 minutes cooldown.
This year we have Anfalas starlit crystal (warning: bind ion acquire!) and Essence removal scroll. Both are usefull and surely worth of some work if you have under-lvl.100 toon.
Overall, Festival is nice and barter items are nice too.
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The goat, a sunny quiet afternoon in the Shire
And the cloak I bought, my lowbie LM by the Mill in Hobbiton.
But (and not party-pooping here, just correcting ) the cloak is not the new one, that's the Odogil cloak from the 7th Anniversary. There's a matching robe, and the steed of that year was Odogil too, with a similar caparison - too bad currently only available through MC...
A very great set, black is quite rare (and thus cool) in LotRO, both the default ones like this set, as the modified items, since black dye is the most expensive dye (a dye-maker scholar can be a real money-maker Or at least in the past, now that all servers have cca. 3 servers worth of population, I guess the prices will change a bit too).
There was a post about the new items (https://www.lotro.com/forums/showthread.php?612459-Fantastic-Festival-Items!!&p=7580385#post7580385 ), except the cloak. It has firework explosions on its back, and if you dye it, you change the colour of the explosions. Looks neat. Much better than the two older firework cloaks.
Not bad all that for a low level character and no grinding.
If it's PvE with lot's of quest's that you really really should read to enjoy the game than yes. And while you don't have to know anything about the Lord of the Ring's it helps.
SWG (pre-cu) - AoC (pre-f2p) - PotBS (pre-boarder) - DDO - LotRO (pre-f2p) - STO (pre-f2p) - GnH (beta tester) - SWTOR - Neverwinter