Yes, on September 28th Taiwan will be celebrating the 2,557th birthday of Confucius. The date may be a bit off (he is getting a bit forgetful in his old age), but to still be celebrated after all these years is an accomplishment. As in the past there will be a direct descendant to officiate, they will play the ancient music, and an offering of food will be made. (When I was there it was a dead ox carried by two rather irate Taiwanese laborers) The high point of the ritual is the dance, done by young male students carrying feathers.
The boys practice and perform the dance to show their sincere respect for Chinese tradition and the teachings of Confucius. Also, if you get a piece of one of the feathers it is supposed to be good luck on your college entrance exams. When I was there a scrum developed after the ritual as various youngsters tried to get bits of feather, I assume being one of the dancers puts you in a good opening position.