We went to the DVC reception on the 7 day cruise. It was just a fun party - no attempt to get us to buy more points. Went with DH, DB, and DSIL who are also DVC members and cruising with us. There was a choice of tropical drinks and munchies.
The prizes were nice, and they made sure that every couple won at least one. I got a DVC beach bag that is the best designed beach bag I have seen. Used it the entire trip. Also got the hats, and other things like key rings.
I have always been impressed at how low key the DVC presentations are, and the party was no exception. It really was a party.