I might head to a few of events...but am not all that excited about the parade/party.
That said, it is my personal goal to join the marching boys next year (after round two of chest surgery has healed + lots more pec flys completed) - to celebrate the end of the surgical bit of my transition...any excuse to wear short shorts really..
I am looking forward to the mardi gras film festival though and Trough faggot party which is on a few days before the parade/party and should be good fun.
I went last year, and found it to be a major disappointment. I had seen videos and read how wonderful it was. Obviously these media releases were just that - tourism generators. New York and Toronto Pride is about 1000 x nicer, better planned - more organized.
I suggest going to AUS at another time when SYD is not so out of control.