Played for the two hours, got nothing. Average 2.5-3.0 k/d. Saw some scrubs on my team get some hand cannons though. If this is how they're gonna be with "rewards" I'm already losing confidence. The "rewards" are like random participation medals. Next time I'll know to just go afk and eat snacks during events like this.
Edit: did get a skirt, but That's a pretty lame ass reward when they advertised:
“Iron Banner has limited time rewards, so show up with your ‘A’ game. Losing a match may make the difference between getting that bad ass Assault Rifle or not.”
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I am not the best pvper, not a liability as i can carry my weight and have hit 3+ kdr, but I agree with your sentiment. IB needs a more logical reward system, perhaps everyone may get something, but those who truly excelled at capturing/kdr get something more.