One can watch recorded videos at 2x or even 3x accelerated speed. One can also fast-forward past the slow typing, the slow talkers etc.
If one wants to go because of in-person networking opportunities, or physically touch some new gadgets (e.g. Microsoft Surface table, etc) that's understandable. However, if one's primary takeaway from conferences is quantity & density of tech information, the conference videos are much more effective for that. For example, O'Reilly sells video packages for something like $499 which is much less than the cost of the registration fee + travel expenses. Microsoft makes their conference videos free on channel9. It's more information for less money; a win-win.