1.7 announced - return of the gree illum update event & reputation system

http://www.swtor.com/gameupdates

NEW RECURRING EVENT: RELICS OF THE GREE
Explore Ilum's contested area in the Western Ice Shelf to uncover the mysterious purpose of the Gray Secant, an enormous ancient Gree starship.
Get ready to face a powerful opponent that awaits you at the center of this ancient vessel.
Earn exclusive Gree technology, including highly-advanced weapon and armor!
Look for opportunities to join this recurring event throughout the rest of the year. More details to come!

NEW SYSTEM: GALACTIC REPUTATION
Check out an all new exciting way to level up your character.
Advance through six ranks of increasing prestige: “Outsider”, "Newcomer", "Friend", "Hero", "Champion", and "Legend".
Earn Reputation Points by completing missions for allies such as the Gree and the Voss, or for military divisions within the Republic and the Empire.
Galactic Reputation is tied to your character’s Legacy, so enjoy earned Reputation Points and ranks across all characters in your Legacy!

re: reputation - looks like a form of daily/weekly missions which give you reputation with a faction. that reputation at least gives you a title and not sure what else.