I've too been playing through the Iron Banner playlist since it re-released, yet can't seem to get it rewarded to me; I have seen multiple people get it, but they played like crap so, as usual, the game rewards though who suck/don't play.
Since IB re-released I've been rewarded:
4x - Jolder's Hammer
....I really wish Bungie could have implemented a better reward system because this game makes absolutely zero sense; you play well, win, etc. and you'll get nothing where as if you suck/don't play/lose can get everything!
Edit:
I started this IB event at Lvl. 2 and have been Lvl. 5 since Thursday.
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it doesn't matter what place u finish. its just that when the last one gets the rewards makes a higher impact to the rest of the fire team. ive seen 1st place drop for exotic and me usually i finish in the top 3 get some good loot as well (not as much as i wanted but....)
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This is the exact same thing I wanted to post. "Rewards" would suggest that you get something nice for doing well. Not some invisible force that randomly dictates who should be allowed to have access to certain assets in the game. We all paid 60 bucks, we all are putting in the work, we all deserve to be rewarded the same.
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Lol exactly the same Iv gotten 4 hammers nothing else it pisses me off