An interesting place to spend an evening, StoryVault http://www.storyvault.com/ "preserves your friends' or family's life-stories alongside other eyewitness accounts of remarkable events from around the world."
There's an easy interface for recording a webcam video (they recommend no more that 4 or 5 minutes), uploading it, linking it to a family tree you can add, and a simple way to invite other family members to view and add to the memories.
Also available are documentary-like videos including Mecca in 1885, a First Nations video (that looks it was made c1910), eyewitness stories of World War I and II -- all of it is fascinating.
