Slow Photography or Fast Video Captures?

In the past month, a debate about photographic techniques has developed over the best method of capturing an image effectively.  A recent essay on the New York Times Lens Blog argues that so-called “slow photography” allows the photographer to find the right moment and frame everything precisely.  Fred R. Conrad discusses more in his essay, Slow Photography in an Instantaneous Age:

One advantage of using larger formats is that the process is slower. It takes time to set up the camera. It takes time to visualize what you want.

When doing portraits, it enables the photographer to talk and listen to subjects, to observe their behavior. A camera can trap a photographer sometimes. You can look so intently through a viewfinder that you are unaware of the picture in front of you. When I use an 8-by-10 camera for portraits, I will compose the picture and step back. Using a long cable release, I will look at the subject and wait for the moment. It’s very liberating.

Another approach is to utilize the growing quality of video to capture the most footage on site and then pinpoint the moment afterward.  Using incredibly high resolution video from RED cameras (also seen here), Esquire photographer Greg William captured small clips of Megan Fox and then selected stills to appear in the June issue.  Online visitors can enjoy the carefully edited video, but the print edition will feature screens taken from the same video, no traditional photo-camera needed.

Flickr added video recently and asks users to view the addition as a way to showcase “long photographs” rather than traditional video.  Will photography slow down or speed up, or will new technology usurp the traditional methods of developing images?

[via Kottke: In Praise of Slow Photography and Moving Photography]