Here's the somewhat discouraging position at present. Many film distributors across the world have seen the film, but they are all interested in a one hour "cut down version" of the 2 hour DVD. They feel it is too long and too technical for the general audience. Remember, this is the golden era of "American Idol" on US television, and they think that is all people can handle.
Anyhow, it now looks that Michael White will (after extreme and I feel justified reluctance on his part) do a one hour version. This will probably end up on US television in Spring 2010. This will also help to alert people (who are a lot smarter than they are given credit for, in my opinion) to the existence of the 2 hour "Director's Cut" DVD version, to be distributed in the US (I believe) by PBS. This may be available a lot sooner than next Spring; I'll post here details where and when the DVD can be ordered.
Michael put over three years of his life and considerable personal sacrifice into this film. I do hope when it becomes available that there will be a surge of interest, similar to what we saw when the book "Blind Man's Bluff" came out. This is the real story
of the recovery effort, with interviews of engineers who were out at the recovery site, as well as video and a CGI recreation that is extremely accurate and detailed.
When you think of all the speculation that has gone on over the years on this operation (e.g., Blind Man's Bluff, Red Star Rogue), I think people are very eager to hear the true story from those who lived it.
Here is a sneak preview of one of the CGI frames, with the Glomar Explorer lowering the "Capture Vehicle" claw to the ocean floor.