This year, looking at their events and gallery list (which you can do HERE) they seem to be upping the ante. Last year this was a fair that was all about NOW. If I recall the galleries at Miami Project 2012 were showing contemporary artists rather than artists of days past (many of the fairs do). They leaned more toward the currently collectible rather than the-maybe-someday-will-be-collectible.
Galleries we often write about such as Brian Gross Fine Art (checkout interview with their artist Teo Gonzalez), David B. Smith Gallery, ZieherSmith and Yossi Milo Gallery will all have booths at Miami Project. More interviews soon!