Question of the Day: Where's the Next American New Wave?

Thanks to digital filmmaking and editing tools such as Final Cut Pro, it's easier ever than before for indie filmmakers on a budget to deliver their vision to the world via the internet, etc. Throughout cinema history, the world has experienced their own 'new wave' in the sense of breaking conventions and taking stories to the next level. What are your thoughts on an American New Wave--do you think it's already happened or is it still in the works?