I didn't personally experience the event so my points and opinions are solely based from what I've seen on the forums.
I think that the major issue with the end of the event was the way that is was wrapped up, sort of prematurely ending a lot of what could be potential future stories and events/mini-events to write up an end to the story. Perhaps if there were something done during the speech/spoken about during the speech that would've left a larger cliffhanger, then people would've been more interested in how the event turned out and what it could become in the future. I'm not a writer, and I don't know how the story writer(s) of this event like to tell their tales, but I just think maybe something should've been left that would've made people wanting more in the future from the events that'll precede coronation.
But otherwise, I'd say it's a good event for what it sets out to be. Not everyone will like it, but that's how it goes for everything on the server. Can't make everyone happy, after all.
I'm excited to see Awakening - Emmerdale next
@Blackquill