It's a great experience. I've been to three tapings. Be prepared for some wait time. You'll be in line for awhile, signing in (check your cell phone at the door), then you sit on a long bench outside Stage 29. From there, you are ushered into a large waiting room (which is kept VERY cold -- I guess they have to keep it that way because of all the hot studio lights). Dress warmly. There is Starbucks coffee available in the "cold" room. They announce a last call bathroom run before having the audience go into the actual soundstage because once you're in there you can't leave. There are some "warm-up" guys to get the audience all excited, they give out some books and coffee mugs to audience members who are the most enthusiastic. The taping is about 90 minutes. It's very much a fun experience.
But . . . one thing . . . the parking is tricky. It's pretty much residential side-streets. I always park off Waring and N. Gower. Parking is restricted on most of those side-streets between 8:00 and 10:00 a.m. (They ask you to be in line by 7:30 a.m. if you go to the morning taping.)
I always get a parking ticket ($30). There is a parking structure directly across from Paramount on N. Gower, but there is a big sign that says "No Dr. Phil Parking". So if you can, get the afternoon taping instead of the morning taping and your car will be safer. I believe there is a parking building somewhere nearby where they have a shuttle service but I haven't found it. Anybody else have insight into this? Is this more information than you wanted?
Shane, did I describe it pretty accurately? (Shane is on the Dr. Phil audience booking team.)