DeeJ just posted on Twitter that Faction Rally will be postponed, until it can be made available to everyone.
Link to the Tweet here: https://twitter.com/DeeJ_BNG/status/940361654063079424
This information also is included in the new Blog Update here: https://www.bungie.net/en/Explore/Detail/News/46537
Thank you to TuxyDoh for making me aware of it. I've missed it initially.
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I was looking forward to the rally this week too. Oh well, I have plenty of new loot to grind for, so its not as bad as it would be if we were in the dry spell between seasons. I'm thinking that Bungie is treading very carefully with all the current controversy of micro transactions and pay walls. They probably are worried somebody could take them to court if they didn't make some changes very soon.