I would guess so. I was surprised by the rejections that were posted on this thread as well. I use to think that they only rejected biz devs, as it's more of a way for hackers to get up to speed on what is involved in a startup.
But it seems like when your demand outstrips your capacity, you need to make cuts. And since most people fall in the middle as an average, chances are, you'll end up making a large number of small mistakes when you're picking teams.
I've been to the last two startup schools, and for what it's worth, you can see the talks on justin.TV. You do miss out on the atmosphere, but most of the socializing happens after the day's events, not necessarily as much time to do so during the intermission.
So check out the talks online, and then see what after parties there are.