I called the main library in Salt Lake today to get more info on this. They are indeed trying to do this, but I was told not to expect anything before 2 or 3 years. Imaging the films, I was told, goes quickly. Issues regarding licensing have to be worked out, and I was told this will take a long time to do.
I sent an email to FHL about putting microfilm on the web and their answer was:
We are exploring different possibilites regarding our microfilm collection, but we do not discuss our projects until they are released publically. At this time, we are not putting our microfilm on the web. Sincerely, Family History Research Support
James, this is truly wonderful news. Thank you for sharing this with all of us. My local FHL just installed this incredible microfilm reader that can now transfer images right to cds. Wouldn't it be awesome to be able to research right from our computers? Just the thought of it! That was really great news! Especially since I learned this week that a very dear man who volunteered weekly at my FHL passed away in Dec. His name was Midge from Escondido CA. and I would like anyone who can to say a prayer for him. The world needs more men like him around.