I'm going. It's my 3rd year, so I'm not too fazed by it anymore. It's not scary, to be honest, just more than a little random. Basically you meet all the people at the uni with your own name, and a few older gentleman and ladies who want to reminisce about the time they spent here, and you make small talk for a few hours before they give you some money, you thank them profusely, then go home. It's a reasonably pleasant, if completely strange evening. It's certainly not too much to ask, especially seeing as they will be paying half my car insurance