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I enjoyed it, but I can understand why people might be disappointed that they went the "let's restart the standard and develop everything again from zero" route that appears to be pretty common for when it comes to multi-branch properties.
The sentimentality of "it's just like JP's first Fes, but with EN!" kinda falls flat when its not like the majority of the target audience hasn't already been following Hololive Concerts prior.
In the very least, future EN concerts should be safe from the rigidity of it if they really are mirroring JP concert development.