While I have only participated in one Thursday night PVP session, I will say that reps do equal progress in terms of PVP. Yesterday while just semi-afk farming iron (I was alt-tabbed working on a project) I got jumped three times. I was able to tab back into the game, recover, and win all three fights. Naked fights when I am caught with my pants down historically haven't turned out that well.

It makes the game so much more enjoyable when you can win some fights like that. Takes the sting off the losses, that's for sure...