The enthusiasm shown by the organizers esp. the 'curator' Vijay Anand (must try and get to know what energy drinks he gulps) is plain infectious. Trust me, the exercise is well worth it especially if you do get a chance to be one of the dozen odd companies that can get a slot to present there.
Even otherwise, the event is a good dip-stick to gauge the current state of affairs in the startup space. Also, given the right circumstances, vital-statistics, and some match-making magic, it could be a potential dating opportunity for an entrepreneur with an Angel/ VC/ Mentor. So if you are a startup guy located elsewhere in India and dont mind heading to Bangalore (/Bengalooru - I hope the spelling is right!) or are there already - do try and make it a point to attend the Proto.in Jan'09 edition.
Here's the badge for the event. Do spread the word around.
Happy Proto and Best wishes!