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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No f*ck a card.. We deserve something cool... The fact that we even still play this game is mind blowing... In-between all the lies and all the schemes that have happened since day one I'm surprised there are (real day one players left!!) Man I love this game but there's so much bull$hit going on now that I'm putting it down once halo and fallout come out. I hope once I return I'll have that promised item waiting with the postmaster.