so far we have milked this much information out of TheHermit:

Vagabond Event 2010 facts

- Level requirement: EC4 (this is stated in one of his replies)
- Participating: sign up at forums (referring from previous vaga event)
- Location: CC5 (referring from previous vaga event)
- Mission: most likely to kill Bosses from nearly all dungeons (referring from previous vaga event)
- Rewards: more than one skill and vagabond items (this is stated in one of his replies)
- Event patch: no, this is made solely by Acclaim (this is stated in one of his replies)

Other Vagabond facts

- Peng You Lightfoot: stays permanent atm (this is stated in one of his replies)