What are we getting in this patch besides the new rep system? http://massively.joystiq.com/2013/02/10/star-wars-the-old-republic-drops-patch-1-7-on-tuesday/
The real big thing is the Galactic Reputation System. Grind on one character, counts towards your entire legacy! Developer Blog: 1.7 Galactic Rep System
The fact that I DON'T have to grind on every one of my characters makes this rep grind SO much better.
So the Gree event is back, as well as all new cartel crates. Also, much to the anger of the SWTOR community, there is a new reputation faction; and the only way to gain it is.... TO BUY CRATES OFF THE CARTEL MARKET!
Glad the Gree event is back, I just finished it and got a bit of reputation. Now to try and beat those world bosses...