Nothing like what i expected, all excited for hours of waiting and it was over in less than ten minutes. It is fun, but way too short and i would have wanted a quest with a reward item instead. Just a waste of ammo for me this is...
However i did see a host GM chatting in Andaba Tortuga, but he vanished before the full moon arrived (of course he would). Brilliant job of building excitment, but unfortunately once it's over it's not a very brilliant event.
Also, it seems as if there definately isn't ANY chance for the undead in this event, when it starts nearly everyone is undead and kill each other, those killed then become living and eventually the undead will always be outnumbered. This is a way for them to simply say they defeated the undead and lifted the curse.
Edit: Third full moon was a lot more fun this time. All our guild got together at Padres and went undead and banded together, there was this level 40 girl that just wouldn't quit trying to beat us, too bad there was 8 of us all against her

and we all survived but were changed back to living anyway, which was silly.