pardon the spelling............
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I got this crazy idea to attach my Speedlites to my shoe adapters to create this crazy contraption I didn't fire the flashes like this because I have to buy more AA batteries. This requires 32 of them. I'm guessing the effect would be similar to a ring flash. One very expensive and heavy ring flash I wouldn't realistically try using this setup because it's heavy, awkward, and not that sturdy. Just did it for fun and thought I'd share
Finally, they need to seriously consider what editing software they're going to use, after all, Adobe Production Premium CS6 would blow 100% of their budget, not to mention having really powerful PC/Mac to edit (need a serious graphics card either NVidia or AMD with at least 1 Gig of Video RAM to process HD video files). I spent 1.5 times their total budget on a custom-built PC that runs Adobe Premiere Pro with GPU-acceleration (utilising fully the Mercury Playback Engine). My other computer a 3Gig dual-core 64-bit Windows Professional laptop will not even playback full HD video in real-time (and it has a 17" 1600x1024 screen).
Seriously, they need to consider computer hardware + software too (unless they already have them) and I would advise doubling or trebling that budget. No point capturing great 1080p video if you cannot process or edit it.
I wrote a post about this. It might help