Happy Lunar New Year as well! :-) It's a nice gesture, no doubt, although it's hard to even call this an 'event' given how it pales in comparison to previous holidays (although not Valentine's this year, obviously). It's more like an extended community day. Extra dust is always nice but it's not going to get me to play more than I've been playing.
I guess this is the new model for events going forward? Have community days once a month and then have much-shorter and much-less-exciting regular events for holidays and such? Not a fan, but hey, Niantic's gotta Niantic.