It's been a few years since I've been to WWDC, but unlike some other conferences, it's pretty much a packed week full of useful information. Remember, you'll be under NDA for pretty much everything other than the keynote (which used to be covered as well in the past).
You're paying good money so you should definitely try to stay the whole week if you can. There are fun evening events too so you'll have a busy week. Though I've heard they stopped having the Campus Bash at Apple HQ--can anyone who's attended recently confirm this? Guess they must have outgrown it.
At least travel is pretty cheap nowadays. I managed to find a direct flight from the east coast and 8 nights at the Parc 55 (a perfectly decent business hotel just a couple blocks from Moscone West) for just over $1000, all taxes and fees included on Expedia.com. It would be less than that if I weren't staying a couple extra days.
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