Yes, underneath the week-long orgy of beats and booze, concurrent with the endless, overwhelming number of boat parties, pool parties, regular parties, afterparties, during WMC there is, actually, a conference (the "C" part!). Of course, besides getting you into a number of officially sanctioned parties (including Ultra), the badge also gets you access to the panels and workshops at official WMC headquarters, still at the Miami Beach Resort & Spa.
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There are some useful info sessions on digital distribution, getting your act together with podcasts, etc... And some that I would like to observe as a fly on the wall, like a "Mock Negotiations Workshop."