[MicroBob]

Kill Phil is a good recommendation.

Also read some of the stuff in the 1-table tournaments forum where strategy on such tournaments is discussed in great detail.

If you have some comfortability in SNG's then you shouldn't have much problem in such an event.
Sit back if you don't have much and let the other idiots knock each other out and even that kind of a basic strategy will give you a chance.

Sats like these usually play mostly like a turbo SNG on Stars.
Yeah, the Stars turbo's have 5-minute levels. But the hands go faster so this works out to roughly 15 minutes in a live-event kinda/sorta.

If you want to practice, play a $3 turbo-SNG on Stars.
I've played fastish-structure single-table sateliites before and the quality of play is usually bad enough to be considered roughly equal to a low buyin online SNG.