GPS the Movie?

How low has Hollywood sunk? Apparently low enough to make a teen/college killer-in-the-woods movie with geocaching as the main setup.

Start lining up now for the 2006 release of this sure to be Oscar conender. Gadget site Engadget had an article about the upcoming low budget movie "GPS the Movie" that appears to be a Blair Witch type movie in which kids get lost in the woods and killed while on a geocaching hunt. I guess this officially means that GPS and geocaching have enterred the mainstream. Not enough on the website to give it a review, but as pointed out by Engadget its worth watching the trailer to hear the corny theme song dealing with geocaching. Any bets this goes strait to video?