[M.B.E.]

Hard to answer questions like this in general, because this year's WSOP will be different from the past. Other than changing the site from downtown to the Rio, and significantly modifying the schedule, it's hard to know what Harrah's will do.

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1) Is there an advantage to staying at the host hotel, or will any decent place nearby work?

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It will be more convenient to stay at the Rio. The Gold Coast is also within walking distance. Otherwise transportation can be a hassle.

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5) Are there any things in particular that I should be working on with regards to my game or practicing on (or just everything)?

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Depends what your weaknesses are.

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6) I’m thinking that there might be more dead money in the NLHE Event than the PLHE Event since NLHE is more popular these days and because I figure that the ratio of amateurs to pros will be higher in the NLHE event. Any comments?

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I agree. In general, PLHE events have tougher competition than NLHE events.