That's my favorite fan-made trailer for anything, ever. It was just so ahead of everything else of its kind back when it came out, and when you look at what they had to work with, it's incredible what they put together. A very creative use of resources and incorporation of the various Episode II rumors at the time. There is a similar, earlier version with Leonardo DiCaprio, but this one is superior.

There's an excellent breakdown on how this trailer was made at TheForce.Net: http://theforce.net/fanfilms/trailers/episodeii/shots0.asp