I guess what my argument comes down to is this: if I were an indie director, given the choice, I would prefer to get my movies seen by more people, and make less money (at least in the beginning), than set a price and make people pay, which will inevitably decrease viewings. I think the best way to accomplish the former, would be to put it on youtube and promote it. Yes, casual browsers would be lost. But, with the pay-per-view model, we are not getting too many casual browsers anyway, since they have to pay. So, perhaps the best way to do such a thing would be to have a youtube for indie movies and just let them be free.
Further, I also see problems with the distribution model. If we store these movies in the cloud, you need internet to watch them. That kind of sucks. If you store them locally, they take up a ton of space. That also sucks. If we can delete them after we watch and then download them later, that still necessitates an internet connection, and kind of sucks anyway.
As a final note, I guess I haven't convinced myself either way, so thanks for playing along.