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Do you think there will be any cool events where you can raid other cities and stuff?
It won't have to be an organized event, it very well be a daily occurance.
All it will take is a group to storm across the land and begin their siege of the opposing city. Others may choose to sneak in and destroy it from within, as there are certainly ways to get inside. Of course you would also have to watch out for agro mobs and opposing players.
However, I would expect the guards of the city to be very tough; at least Heroic and maybe some epics. And don't expect them to be dumb, in fact, I would expect them to be social.
Count on many new quests that involve getting into a particular city and slaying some NPC or retrieving some item.