Cameron originally began this endeavor in 1997 in various capacities. First, he demanded roughly $400 million to finance the project, only to have studio executives scoff at his audacious undertaking. After deliberation, Cameron decided it best to wait a few years until the proper technology made itself available - and it did, 2-3 years ago, and the bold director was able to finance the film for $200 million, much to studio executives' contentment.
And now, finally, after years of fanboy anticipation, the trailer can be seen prior to Quentin Tarantino's Inglourious Basterds, and can be located online. Whether or not the preview does the film justice (it is presented in 2-D) is unknown, but suffice it to say Cameron's daring 3-D experiment just might revolutionize filmmaking in the 21st century.
Take a look and consider your own opinion: http://www.apple.com/trailers/fox/avatar/
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