GoPro(s) + A ZOOM H4N.
I've seen/used anywhere from 1-16 GoPro cameras used. Put them where ever you want, don't worry about audio.
Put the ZOOM H4N in the booth with the mics pointed towards the audience, with the mics set to the narrower field. Record 4 tracks. The two atmospheric mics and the left and right out of your mixer/soundcard! In post line up all of your waveforms (super easy, just play the metronome for one tick right when you start) and hey presto! You can now cut between cams as you like and as the last step mute all camera audio and use about 90% mixer audio and 10% atmospheric mic audio (Highpass filter this.) and render!
BONUS POINTS: For extra coolness, get audience members to tweet//facebook//youtube videos they took during and lace them in! Knife Party used this to great effect in their ULTRA video. As seen here.
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