RED is going to change the game for indie films
borderlinetheory.com
borderlinetheory.com
Much more interesting than the improvements in price/quality of digital filmmaking is the possibilites of film distribution on the net. It isn't happening as quickly as I'd hoped, but as bandwidth gets cheaper and faster, and televisions get more connected to the net, I'm expecting the film industry to change quite dramatically. The emergence of cheap digital filmmaking and web-based distribution networks will be similar to the recent change in dynamic of web startups. And the longer the big studios avoid exploiting this model, the more chances it has to be seized by independent filmmakers (and startups ;).
Net distribution will be a great avenue as well, given how reticent the studios have been to band together and provide "one" place where people can go to rent/buy films online.