If you like camping and you like country music, you will seriously LOVE watershed! Three full days of nothing but country music. You have until about 1-2 everyday to do what you want in the morning (i.e. get over your hangover, swim in the columbia [if you know how to get down there], BBQ with your camping neighbors, etc.). We did terrace camping which was great mainly for the shuttle to the camp grounds after the concert and to the concert from the camp grounds. Also got free coffee and donuts in the morning, HOT showers, flush toliets. Something that general camping definitely doesn't offer/have. It's also quieter down in terrace than in both premium and general.
-The shows were great, I never made it to the local stage, because I didn't want to lose my spot in the pit for the next headliner on the main stage. They had great screens on both sides of the stage so everyone on the hill could see and it was just great!! Won VIP tickets to margaritaville, got free drinks all day! (and free water which saved me so much money! $3.50 for bottle there).
GO TO WATERSHED if you can handle 100+ degree weather, dirt, sweat, country hotties wearing nothing (and I do mean nothing...both the women and the men. Very enjoyable!) and lots of drinking!!