The hat is ok. It's something that my characters can wear without looking too out of place. The only gripe is I can't seem to dye it.
Dragon arena, I like it even more than the actual gw pvp, and I still do.
The missions... are way too hard. I seriously thought the game have just glitched me into hardmode or misloaded the underworld by accident. Sheng Jea is the STARTERS ISLAND for crying out loud. Knocking ~10 levels down from each enemy (under normal mode) would have make these "festival" missions much better.
The quests on the other hand are fun though. One thing I do liked the most is the ability to trade in the 240 victory tokens into 24 red bean cakes/rice wines and then merchant them for 4.8 platinum. As a casual player, this can help me out a bit.
As for Lag? You serious? Compared to Wintersday, this Dragon Festival is at least 20x better.
-Wintersday's Kamadan DvG = ~1 fps
-Dragon Festival's Sheng Jea = 20~25 fps
Even the "normal" Kamadan/Sheng Jea was only 30-ish fps in a normal day. Also I have yet to see my first err7 this time around... *knock wood*... compared to the previous events. It is a superb improvement this time.