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I suppose before I open this debate I'm going to define a live event.
What it is.
What it is not.
I've been lucky enough to be part of a game world when an actual living GM controlled an NPC to attack pretty much everyone on the server. The lag was inversely proportional to the amount of fun I and others were having, it was off the scale.
So why have live events become extinct? The opening of AQ gates or the Dark Portal I suppose could be classed live events, moreso the former than the latter. Anything which a living person who works behind the magic controls in real time, i.e. 'flipping a switch somewhere' I class an event.
I personally find events that parallel the real world i.e. Xmas / April fools etc to be incredibly lame, to the point where I think why bother. It feels cheap and tacky, almost like the RL event itself.
The events in WoW called elemental invasions are pretty well implemented even though I know it's just AI.
So what has happened to these live events, I just don't here about them any more. There's a shedload of world's out there, but they feel impersonal and non-living to me now. Especially without these live events. Either the AI of NPC's needs to become much much smarter or there needs to be more random events in these worlds. How about something that could happen IRL like being struck by lightning or finding a unique treasure map, something, anything! At the moment most of them feel dead.
No annoying animated GIF here!