The NYT has a nice piece detailing the falling barriers to production for media - in this case, the rise of home studios. I talked about this recently with a recording industry buddy, who told me that pro studios here in London are seeing exponentially declining booking rates - viz Abbey Road Studios' Film Festival.
Digital audio is the case study on which Micromedia 2.0 will be built - if you don't understand just how radical a shift it is from paying $1000/hr to being able to record at 80% of the same quality by spending 5k on a laptop + software + soundcard, understand and take note.