An interesting concept. Over at Film Independent, one aspiring filmmaker dares to post this question. Although it would feel like many film festivals only care about films that would give them the most press, it does seem a little harsh to assume all festivals can care less about the rising filmmakers.
The article suggests that filmmakers should never limit themselves with just the large, tougher-to-get-into-than-Heaven film festivals like Sundance and Cannes, but also check out the local scenes. And also follow the golden rule of the Industry: network.
The rest of the article is here.