Players have a chance to participate in a fun holiday event and get a nice ring (or helmet) two weeks out of the entire year. The drops are great items, and upgrades for many, but they are certainly far from the best in-game. I'm sorry but this event doesn't undermine anything you've accomplished. Are you sure your complaint doesn't stem from the fact that your epic raid loot makes you feel like you're better than others who have lesser gear?
I'm not accusing, just asking.
He makes a valid point, that Eyonix. While some of the gear from the Headless Horseman encounter is very good, this is something that happens for only two weeks out of the year. Much like the epic loot dropped from bosses for a limited time last year (I can recall a faboo belt I got off a Lich in undead Stratholme) during the fall, these items are only available for a limited time, so act now! Really I see it as a great way to gear up those that can't run Heroics, and currently I think this is the best holiday event we've had. The items are good, but are they so good that they're worth making a fuss over?