Si non potes reperire Berolini in tabula, ludens essetis non WIF.
Hey, get your stinking cursor off my face! I got nukes, you know.
Yes; the Brilliant Stroke replaces the current event card completely. However, all factions are moved to "eligible" for the next event, so they need to time the use of the card properly.
Which means it can indeed be a brilliant stroke to play Brilliant Stroke right before a nice card that you are FIRST on, for a back-to-back move...