Consolation 5* came out today at least. I found 5 as well.
P1: Quistis' Sleipnir's Tail
P2: Steiner's Defender, Warrior of Light's Sun Blade
P3: Lightning's Blazefire Saber
P4: Tyro's Sentinel's Grimoire (my 2nd, now a 6*)
Bonus: 100 gem pull on Cloud's event got me a Dragon Claw, generic VII fist
Consolation: Gold Sword, generic VII everyone gets
Nothing outstanding but can't beat the cost.
So I finished up phase 3 with R5 Shiva, R4 Ifrit, R4 Ramuh, R4 Valefor, and enough 4* fire/ice to R4 blizzaja and firaja (already have R4 waterja) although I don't want to blow the black orbs just yet. I'll be able to R5 Valefor in 7 more 4* summoning orbs. It's nice to finally have the hones to run a good double summoner build when needed. SUMMON ALL THE THINGS
I have about 20 mythril to try and R2 Full Break and statistically that's pretty close to the expected value. I have all the ice and lightning needed but still 10 5* power orbs short.
My levels have gone nuts. Cloud at 80. 26 characters at 65 including everyone that can get there and has an MC2 in the JP version. Everyone without MC at 50. The other 26 characters somewhere between 51 and 62. Wonder how far the rest of P4 will get me.
Between all the experience and 3* orbs I'll be able to switch from most dailies to greater black orb farming when there aren't dungeons or events. Will also end up with over 20 million gil. I've been extremely happy with this event even though they dicked us on 5* orb drops. In hindsight, even though we didn't know just how bad drop rates would be, I still feel foolish setting my sights on R3 Full Break. With current drop rates and maxed stamina, R2->R3 alone would take 565 mythril refreshes. And that's assuming you min-maxed each refresh to never lose stamina which would require waiting up to 45 minutes every refresh. There probably isn't even enough time in the event. So realistically you'd need to waste ~8 stamina per refresh on average, so 597 mythril. Lame.
Edit: Actually I guess it wouldn't average to 8 stamina loss. With 140 stamina it would be closer to 5 stamina loss assuming 9 stages takes 15 minutes. Either way, I'm done mathing for now.