No, it won't come close to replicating the vibe of the real thing, but it might have a more personal feel than watching a run-of-the-mill video stream. Just be aware that this also means limited space. The organizers note that there should only be room for around 2,000 to 3,000 people, so you should probably hop on the Minecraft server ASAP (if you're reading this in time) to have a chance of seeing what all the fuss is about.