First of I like to introduce myself. I'm HBLR on both psn and Xbox live. I've played competitive since halo 3 and have won multiple paid ladders 3 consoles and some other hardware. Iron banner v2. This revamped iron banner was much more enjoyable then the v1 version. It had better rewards and it was easier to obtain the items. The rewards cost quite a bit of glimmer often resulting in some quick glimmer farming to buy the rewards when hitting the appropriate rank. For me the iron banner was fine up untill the 3rd day. I kept connecting with people who weren't in my region. I'm from the Netherlands and they were from America. Often resulting in lagg. I figured the servers were in America aswell so they would have advantage over you, and they did. Strangely enough it was only after the second day. I've pretty much played iron banner non stop for 4 days and reached rank 5 in the first 2 days. I continued playing hoping for a ship. That ship never came. I've seen it drop multiple times and always went to someone with a negative Kd on my team. I would have liked it more of the top 3 players had increased drop chance. Also you couldn't rank past rank 5. I would have liked to rank further than 5 and after hitting a level above 5 resulting in a package at the post master. Drops could contain; marks, ship, materials and shaders for example. Verdict: I rate this Iron banner a 7,5/10 due to the lagg, no region match making and no ping cap (matching players with low ping with each other and high ping with high ping) I haven't encountered the lagg nor matchmaking issues in the regular crucible. Feel free to comment and discuss. HB out.