It has to be the best time to shoot film ever right now. Film is still quite cheap, as is processing, and the equipment nearly jumps into your hands for little more than a song. Point in case, I wanted to get another TLR to compliment my existing Ricohflex. I typically keep the Ricohflex loaded with Velvia, so I wanted another camera that I could have a B&W film option as well. So I searched eBay and found a very rare geared lens "Firstflex" TLR in excellent cosmetic and working condition. Picked it up for the large sum of $38.
Secondly, I have a friend who's leaving in a couple months to spend a year in France. She likes photography a lot, but since she's trying to pay for all that, a DSLR was out of the question. Well, again I jumped on eBay got her a barely used Nikon N75 for $30. That's 90% depreciation in 5 years. I didn't know much about Nikons, but after some research, that camera has every feature you'd find on mid-level DSLRs today; it definitely has more features than entry level DSLRs. I could hardly believe it. Basically it's as good as or better than a D40/x/D60; it just shoots film. It's really amazing.
The prices on top notch equipment are really unbelievable. 35mm stuff is probably the cheapest; I saw a Nikon N90s go for $36 - it was over $1,000 when new. Of course 35mm film is still very cheap and very available, as is processing and scanning. And even most MF gear is unbelievably cheap. All in all, it's a fantastic time to shoot film. You can get any equipment you want for a steal, and you come in so much cheaper than digital, you can shoot and process years worth of film before you begin to catch up to the cost of digital. And of course, my favorite part, digital simply cannot replica the look of Velvia or of true B&W film.