Have you heard of it?, are you participating? I hope so.
I was not prepared last year, but I am this year and I am so looking forward to it. I found so many great blogs last year, entered 100's of giveaways (which I didn't win one :( LOL) and just generally had great fun.
If you blog and are a bit scared, just give it ago. You don't need to blog everyday, but you will find new friends, new hobbies and more than likely new obsessions.
Go on, do it