Though I love the idea of any sort of cultural infusion into Miami, do we REALLY need another all-nighter?  Well... it's Miami!  So, I guess the answer is YES!
It's funny, because the actual idea brings back memories of slumber parties and staying up late...and now, we are all grown up and REALLY ready to stay up all night.  Well, here in South Beach, bars are open until 5 AM- and in downtown Miami, there are 24-hour liquor licenses- so at least you know all of the locals can stay awake!
This event, at least, will bring some CULTURE into that late night insanity There are plenty of fun activities, so put on those dancing shoes!