It looks like the rumors of a 3D theatrical release for Phish’s Festival 8 are true. Check out page 2 in the Desert Sun’s coverage:

Phish is getting a wide theatrical release next year of the 3D movie they shot at Festival 8. Their advertising and publicity budget will be tiny compared to other nationally distributed films because they have such a direct relationship with their fans online.

No further details on when and where it will be released, but this is very cool. We’ve heard nothing but rave reviews about the U2 3D film, so this could be pretty huge.

(March 2010 update: Phish 3D Movie Officially On Its Way)