This was modeled in Blender (although the original 2d text was created in Photoshop) and rendered in Octane 1.0 beta 2.52 on an Amazon EC2 instance running dual Tesla M2050's. It took about 7-9 minutes per frame. It was rendered at 2048 samples with the DI (mode 3) kernel at 2048x1152 at a cost of about $140 ($2.10/hr). Pathtracing or PMC would have been nice, but too cost prohibitive. Several hours were spent (wasted) bypassing a bug somewhere between CentOS, CUDA, and Octane that caused one of the M2050's drop out of the render part way through.
Anyway, here's the link to the video:
http://vimeo.com/35287592
Check us out at http://ghostbungle.com.
And here's a frame without Vimeo's compression artifacts.
