I really love the Pikachu. I don't care if it's our third Pikachu with a hat, because the Ash hat alone makes it ten times more awesome than anything we've gotten before. Can't wait to catch mine.
That all said, I don't think this is all for the event. The event lasts two weeks, and that's a long time for just a sale and a Pikachu. Last time we had a to week event, it had two parts. The first was special Pikachu and gift box sales from the Christmas event, while the second was the Starter spawns for New Years. Doesn't that first part sound familiar? It mirrors exactly what's going on now.
Got to agree with everything you're saying here.
I've caught two Ash-Pikachu today. They both have crap IV's, so I know they're the real deal.
Though I must say, I'm kind of disappointed that you can hatch Pichu with the hat, as well as evolve the Pikachu - as well that you can catch female Ash-Pikachu, Ash's is male. Niantic is once again showing that they don't commit 100% to the theme, looking at the Eggstravaganza puns and there not being an "Eggcelent"-throw bonus..
As for the giftboxt, it really isn't a gift at all. Like you said, you can get Ultra Balls and Max Revives from the Pokéstops - while Max Revives aren't too common though. But yeah, if you just look at the prices for the Incubators and Raid Passes, you're overspending by 100coins. If you value the Max Revives, then you've saved a
whopping 80 coins/SARCASM.
Honestly, I spent a long time Pre-Rework hording coins so I could buy enough incubators for a 9x10 - so I know your pain. Long story short, I had 9 10km eggs, but no coins for the incubators, so I ran one 10km egg and started doing gyms more frequently so I could get enough coins by the time I filled up with 10k's again. By that time, I also had enough for a Box-update, which was sweet as well. With this rework, I've been incredibly fortunate to get coins really fast. Since the update, I've probably missed one day (didn't feel like I was up to gym battles) and another I only got 9 coins. Every other day I got the full fifty, which is tons more than I've ever had before. My box is at 357/400, so it's not the biggest, but my bag was cramped a lot of times since it could only hold 350 items pre-Rework. Now it can hold
650. And it still feels cramped, cause it's at 653 with all the extra items being introduced and my focus now being towards potions (because of the gyms draining my roster quite fast) rather than balls, since I don't frequent Nest's anymore since I've caught a lot of every nest pokémon I needed - but I still want to keep around 80 Great Balls and 100 Ultra Balls and 100 Razz and Pinap Berries for when I do hit a Nest for giggles.
Long story short, I'd much rather spent 1200 coins on box and bag space. Or Incubators and Lucky Eggs for that matter.
As for what the second week might bring. Well, GoFest obviously and whatever comes with that..