I have a friend who did it, met a great girl, and they were together for 3 years. He said the speed dating wasn't so bad. You just have to be realistic. What I mean is, if you're a shy person who doesn't start conversations well, speed dating probably isn't for you. If, on the other hand, conversation comes easy for you and you won't act all awkward or freak out, then go for it.
Keep in mind that the other people who are there are in the same boat you are, and they're probably just as nervous.
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