Oh, I'm sure it will happen. As I understand it, PT donates the smashed guitars for various charities to auction off. He has commented that the value of the guitar increases dramatically as soon as it becomes "As-Smashed-By-Pete-Townshend." 
 
But, yeah, the whole prospect of that show is disheartening. 
 
Edit to add: HEY, that's my 1,000th post!!!