The current event in the Secret World is the Saint Valentine event, the resurrected Massively OP website has a post with some of the details. Just like the real world Valentine’s Day there’s a heavy dose of emphasis on buying romantic stuff.
The event vendor is in the park in London (and elsewhere in the other hubs). I can buy a ‘satchel of amorous delights’ that reward one or more pieces of costume gear at random. It costs 300,000 PAX, or one of two types of endgame token that we’ve not yet encountered.
I was hesitant to spend almost half my current funds on a lootbox style item, but while I was deliberating and taking screenshots, suddenly some giant heart-shaped fireworks went off nearby and I received new items. The other event item, the ‘bag of Saint Valentinus’, costs Funcom points in the store (1200) and gives random items to up to 20 nearby player characters. It’s rather nice that the game has these kinds of giving/sharing items and that players are generous enough to use such items in public to the benefit of others.
Unlike other events in the game there’s no new content or missions for this event so it’ll largely be a background thing as we continue to level through Egypt but some new costume items are always welcome!