That is a bit different then. I agree about the conference, I have never been inclined to go.
The impression that I get is that the program is full of self-proclaimed experts who pack themselves and their 2 page bio's onto panels to talk about subjects that nobody outside of that room cares about, and that nobody in the room will ever actually implement or do anything about.
I applaud the effort of setting up an area of sxsw that is more hackerish - but it would probably be better to just organize something separately, preferably in a different city and at a different time.
Edit: relevant: http://ttk.me/t4AY6