If ya'll really want to do it and are worried about your charter, etc.. I'd suggest you contact your national office.
I'll bet money that they'll tell you not to do it.
My only worry with this MTV thing is that if all the quality chapters refuse to do it, everyone's worst fears will be realized.
The only chapters left that are actually interested in doing an MTV special will be IN NO WAY good representatives of what fraternity and sorority life is all about.
SOMEONE will end up doing this special and I'd personally rather see a chapter that shows members supporting eachother, etc rather than night after night of keg stands and fighting.
LHT
Kevin