Yeppers, I would say the Albuquerque Balloon Fest is one of the many wonders in America.
We stayed in the Presidential Camp area an could easily walk on and off the field multiple times a day. Even if you don't stay in this area you should take the time to walk(ride) up there, its up on the bluff behind all the booths. There is a small grass area with a few picnic tables to over look all the going on, morning dawn patrol was spectacular.
Many memories and definitely a go back to....
2011 Wildwood T26BHXL
2004 Yukon XL Denali
43yrs of camping; one lucky guy