Hmmm... sounds shady... $998, only ten participants, and they imply that one of the reasons the fee is that high is because they spent it on advertising?
One of the speakers founded rentoid.com - which seems pretty cool at first glance. The other apparently founded a startup that sells ideas for $423.
Actually I'm sure they're legit, but it's a ripoff compared to the real Startup School. Even if I lived in Australia, I'd still pay for a ticket and fly to California.
Think it's worth it to see this kind of thing via a video link?
I'm not convinced - most of the value I get out of going to conferences is in meeting other people. If anything good or interesting gets said, it's usually all over the internet quickly in any case, meaning that I don't really need to sit there watching N hours of video.
Looks like a fun one though; YC and its offshoots are one of the few things that manage to make me miss the bay area a little bit.