Time is ticking because July 24, 2010 is but thought away.
From the project page:
On July 24, you have 24 hours to capture a glimpse of your life on camera. The most compelling and distinctive footage will be edited into a feature film, produced by Ridley Scott and directed by Kevin Macdonald.
The project would prefer video shot in high definition but I say use what you have, be creative and let them sort it out in the mix.
For more info go to the project page and check out the FAQs. This will open up a Google docs page that will give you the scoop.
There really needs to be a diversity of participation. I don't care who or what you think you are; if you can find the time record and upload a piece of your day on July 24, 2010.