Open Cut 1.0

Maybe you've heard about the infamous Red One camera. If you fancy getting you hands on some Red One footage to edit, you can enter the opencut editing competition. They're presenting it as an "open source: film project. Basically the winning cut gets to be the official version to the world and the winners will be listed as the official editors. They've released it under the non commercial share-alike attribution version of the creative common's licence, so intheory once you find out everyone who helped make the film you could convievavbly re-edit it and send it out yourself.

Sign up, (registration is $25) and send the organisers a 160GB hard drive and they'll send you back  the footage in 4K HD. You'll need Final Cut Pro 6.0.3 (no other editing system is Red compatible at the moment) and a pretty powerful computer to edit it on.