I just finished watching The Last Broadcast on the Independent Film Channel. The 1998 film was shot for less than $1,000 and is done in a documentary fashion, and it's not hard to see that the people behind The Blair Witch Project probably derived some ideas from the The Last Broadcast filmmakers. I didn't like it as much as Blair Witch, but still found it interesting. You can read more about it at http://www.stomptokyo.com/movies/l/last-broadcast.html

np PIL - That What Is Not