Star Wars Galaxies devs released the official patch notes for Update 2.
Star Wars Galaxies: Game Update 2
Publish Notes, March 13, 2008
* Added the 57 month veteran rewards: the homing beacon and three new permanent storyteller tokens.
When placed in a structure you own, the homing beacon will allow you to land near your house from the space station above your home.
You can also choose a storyteller combat NPC to create a boss level enemy to wreak havoc in your event: a Dark Jedi, a Nightsister, or a Tusken. The token is No Trade and reusable with a certain amount of uses per day.
Check out the rest at the link above.