1) The event right now is Maximum Attack Cross (MAX for short). You can find out details about the event on
the official forums and on
the event page. There is also a Phantasy Star Universe wikipedia with a
page for what drops in the event and how to get most of the stuff that may or may not drop.
2) There are tons of previously rare weapons that are common now. Things that use to take months of hunting to obtain, now drop relatively easily. Unfortunately this now means that everyone has become sarcastic about the drops and say things like "nothing but junk drops". It's unfortunate, but a lot of people don't remember how hard it was to get "junk" in the old days.
3) It really depends on when the last time you played. If you played before the expansion (AotI) which would have been more like a three year break instead of a two year break, then there were a ton of tweaks to the game play system including modifications to how fighters play called just attack / exact attack which adds an automatic critical hit to your attacks. If you were here for the AotI expansion, then there were additional changes including new classes (as you may have already found out) and a ton of new weapons and items.
My suggestion is, if you honestly want help the best place to go is the official forums that I linked previously.
Unfortunately PSO-world has become a place for a bunch of bitter importers that hate everything about the US version of the game. Sega has fallen behind on their updates for the US version of the game, so these importers will do anything in their power to make sure that no one is having fun on the "crappy version" of the game. If you are more interested in having fun instead of arguing with people who's soul intent is to make you dislike the game you are currently playing, the official forum is your better choice for information.
Of course there are a lot of bitter people on the official forums as well, (many of the same people in fact) but most of the helpful people have abandoned this forum as a place for importers and time attackers who have forgotten how to play this game as a low level player.
Honestly, there's nothing wrong with that. It just makes this a bad place to get help generally since they don't even play the same version of the game you are playing. Once you level up a bit and get a few decent items to run with, you can think of this as the "advanced gameplay forum" where you can get tips on how to tweak your play style to get faster, but you can do that on the official forums as well. If you do get bitter and want to vent about the game, here is the better place to do it since more people will join in on the pity party.
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