The Nation Film Registry, which compiles films to be preserved by the Library of Congress, has announced their picks for 2005, with 1994's Hoop Dreams making the cut. Hoop Dreams was filmed in Chicago over a five-year period and chronicled the NBA dreams of two inner city youths and garnened much praise when it was released for its real depiction of life in the projects, and for its social commentary on class and race, making it a fine choice on the behalf of the NFR for preservation. Here is the most recent (albeit dated) article that details the current lives of the two stars, William Gates and Arthur Agee. (Thanks for the tip, Aaron!)