Only if there's tele-beer.

Seriously, this is a very good idea for the technical and corporate stuff. Not so sure about the community aspects: we can do distance communcating any time without leaving our armchairs. It's actually meeting up face to face that's incredibly valuable at events like that. Putting faces and voices to avatars, realising that people who are grouchy on the board might be quite nice in person, kicking back and sharing a beer with people you've only met online.

If you did it by teleconference, the events would need to be big enough to still achieve that.