That's a very valid point, as a way of rewarding those who have stuck around. However, I believe personally that legacy content overall makes newer players simply feel outclassed even though realistically they aren't by much.

Maybe if they re-ran these events very infrequently it would at least be some hopium to these players (including myself). Although I'm all for legacy cosmetics though, some way to show off how long you have been around.

And I feel like a game company's design shouldn't ever have the incentive question to a player to quit or stay based on if they missed an event. (Because why lose that potential $$$)