Judging solely on all rage I see about costs associated with giving a speech at such events, I can see how it might filter non serious people. I am not saying that $50 or $8000 is right/wrong. I am just saying - it is filter. Even small bump in requirements tends to filter out non serious people.
Here is simple way I look at it - if you can remove 5% of total noobs and get $1000 to spend more on marketing materials, why you shouldn't do it?