Here is a bad thing about it...traditionally payout has been disgustingly bad, however, word on the street is that is a thing of the past. The BG Ams tourney was always basically a fundraiser for the big pro-tournament. It was excellent that there were so many competitors, but they weren't putting money back into the tourney if they didn't have to. You got a very nice players pack, but that was about it. I went two years ago and my payout for second place in Rec (of over 140 players) with a 35 dollar entry fee was only 50 bucks. Two discs and a T-shirt and I still had to pay some cash out of pocket.
However, as I said, this year is supposed to be different (entry fee was almost twice as much), so I am super excited. Part of what you are paying for is the experience of going to a town and having it taken over by golfers...very cool. I will see you guys down there!