Voted: yes.
I can see the "confusing" part but in reality, what's the problem with other groups extending the user-base and educating more people on WP? Having more with those skills not only helps the WP community but small biz and entrepreneurs alike.

Since donnacha brought up the camp I helped organize, WordCamp Phoenix... thought I'd jump in on that part. I caught some flack this last camp because of the name, because I had the camp in "Chandler" not within the city limits of Phoenix. Anything in the valley here in Arizona is considered Phoenix... even to everybody that lives here. If you're in mesa, gilbert, chandler, tempe, queen creek, glendale, etc etc... you're still in "phoenix" metro. The only exception here would be Tucson because they're pretty much their own identity down there. (and it's a 2 hour drive of absolutely nothing other than dirt in between). Having a WC Gilbert or WC Chandler just wouldn't have the draw or recognition from anybody outside of AZ and anybody inside of the valley would see it as a meetup group instead of a good conference. Breaking it down that much is only going to make for worse camps. Local speakers are already helping in meetup groups and stuff and a bigger WC for a city was good to bring in the big WP devs and names to really get some answers and tips from the pro's the attendees know and see making plugins etc. I know other organizers are talking about the new rules already too, hosting of sites and sponsorship issues in the future etc. Aaaanyways...

It'll be interesting - kind of like how Woo forked Jigo... WordUp forks WordCamp? See where it goes!