This is quite epic.
I stopped going to these events long ago, way too bad chance of any return for a normal joe (read: able to use big (L) guns and pay a ton of markup for them, just to not see a loot window with 600 ped ammo, and when you do see it at these events, congrats, these 5 pecs are yours).
And reading that item drop rate has been improved, makes me want to go even less, i can't compete against those MM's and such, so if they only drop items, i have no chance of looting anything.