I always found the Observer Pattern almost similar to the usual event-driven approach. Actually, I have almost believed that they are actually just different names referring to the same thing. They both use similar concepts to have something as a listener and even in the implementation, they are almost the same thing, that's to have a callback method/function to carry out an action. This is at least in Java.
In other languages say Actionscript/Flex, the events are more user-friendly and may look like it does more than just the observer pattern defines. But still, the concepts sound the same.
But is this really true? Is the Observer Pattern the same thing as the usual event-driven programming style?
The Observer Pattern is a very special instance. Event-Driven can mean anything. In most Observer Pattern implementations the Observer is an object watching the observee. When the observee is changed, a method of the observer is called. Strictly speaking this is not an "Event". That means: various different actions on the observee, usually lead to the call of different methods in the observer. The semantics "what" got changed is in the method. In Event Driven Systems, you basically have one consuming object/method and the message what was changed or what happend is in the Event. That can be anything and is not limitd to the idea of observing something! That means: in an Event Driven System you get new semantics by adding new Event types. In an Observer Pattern you usually add semantics by adding a method to the Observer class. HOWEVER: no one is preventing you to implement an Observer as a special listern to ChangeEvents.