I'm a lvl 28 Hunter. I don't notice any significant difference. Lower level players still can still light me up easily, otherwise I think I've been able to one shot lower level players with a body shot from my fully upgraded Ice Breaker sniper rifle. Other than that I haven't noticed anything different in the pvp. (For reference I have 21 hours spent in pvp and over 1600 kills to my name according to the destiny mobile app).
My only real complaint is a loss doesn't grant you any of the new faction rep, so it's just encouraging a horrible environment where many people are just leaving the game at the first sign of a loss and it really sucks to go down 1-3 players within the first two minutes because your team is at a 600 point deficit (which is like, 2-3 kills). It's incredibly frustrating.
Overall the event feels a lot like the Queens Wrath where Bungie is trying their best to make it sound like it's something awesome and new, but it's exactly the same stuff you've already been doing and just adds another rep grind.