Seems like a good idea. The weapon matches the color scheme of the Laurea Prima emblem too.
For more about the exotic weapon "Fate of All Fools": http://destiny.wikia.com/wiki/Fate_of_All_Fools
Edit: Didn't expect this post to get so much attention. The more I think about it, the less I think it is a good reward for Year One players. As for the Jade Rabbit, I made this post before I knew what the Jade Rabbit was.
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If you want FoAF get a jade rabbit the FoAF was a gift to the person that has it I'm on Xbox and I dint mind not having jade rabbit or FoAF