I created a new account for obvious reasons.
In light of this:
http://blog.aisleten.com/2009/04/06/what-we-did-to-not-get-into-techstars/
I think that we have about a 5% chance of getting in even if we go. Would it be better for us to just stay home and work on our product?
Keep in mind that attendance at TechStars For A Day is not required in order to receive an invitation to participate in the program. It can obviously help, but there are plenty of examples of companies that didn't attend and were still invited to the program subsequently.
It is also a really fun day filled with a lot of smart people looking to help. Plus Boulder is a fantastic place to visit (and live).
Let me know if you have any more questions or anyone wants some offline answers andrew@techstars.org