Item: The organizers at SXSW have responded to years of complaints about long lines and short notice by dramatically revising the wristband system for the 2008 festival. 4,000 wristbands priced at $139 are reserved exclusively for Austinites and will be distributed via an online lottery system that commences at 9am on Thursday, February 21st. There is a four-day period for sign-up, then the festival will let the winners know they've been selected shortly thereafter. All registrants must live in the Austin area - a credit card with an Austin metro area billing zip code will be required (this generously stretches as far as San Marcos, Georgetown, and Taylor). One can purchase two wristbands, but one of them must be for the purchaser...and the recipient of the second one must be named when placing an order....