So... when are we getting them back? Especially since they had exotic catalysts in them depending on who you pledge your allegiance. I found them fun. I liked the loot, the armor sets, the ornaments and the competition to win at the end of the rally the "pinnacle" weapon the winning faction had to offer.
Please Bungie, give us updates on the future of Faction Rallies A.S.A.P.
Edit
I've read most of the comments and yes, I agree that D1 system was way better. I would like a similar idea in D2, but not the same. It's a new game after all, they need to spice things up a bit.
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Bungie will bring back Factions in September and you will have to pay for it again. On a serious note, I enjoyed ranking up factions to get the class item which I did on all 3 characters. It felt like it was a new week after reset to check the new rolls on the weapons and armor. Man, why did they ever get rid of that.