This video is a perfect example of why the movie companies are in big trouble. I am not much of a video game fan (though I did recently buy a 360 and Halo 3 to check out what the hype was), but this video is amazing. The Halo 3 game comes with extremely easy to use movie-making tools that allow players to replay action from a game from any camera angle and to zoom, pan, fly and change angles (just like a real director). The video can then be easily shared and uploaded to the internet.
This particular video is a amazing-videos, fox-news, caught-on-tape clip of players last moments. The fact that the in-game physics create such a realist world is almost as impressive at how easy it was for this player to share his experience with the world.
Why would anyone sit and watch a movie when they could play in the Matrix like this (and share the experience with friends). Cool.