The two best movies I’ve seen recently could have been made with a camcorder and a budget of a few hundred dollars, i.e. Slumdog Millionaire, and Gran Torino. Hollywood must really hate that sort of thing.
Rent Paranormal Activity. Done on a 10 dollar budget and is scary as hell.
Gran Torino is one of the best movies I've seen in years. What a pleasure to have a movie built on dialog instead of yet another special-effect / explosion laden mess (not that I have anything against action movies if the effects serve the story but are not *the* story).