I tried making some videos for election day as an experiment, and I think it went pretty well.
The first one is 16 minutes, I made it in my office with iMovie and my laptop’s built-in camera. I made 3 more with nothing but my cellphone (a $50 Treo 680) as I attended the victory celebrations of some of the candidates. They are shown here in reverse order:
I am loving http://blip.tv for how easy they make this.