Last night on the way home from a speaking engagement at the South Bay Cities Genealogy Society I heard on a local NPR radio station that StoryCorps is coming to LA. To read more about it check out this link, http://www.scpr.org/about/press_releases/2008/12/200812_storycorps.html.
StoryCorps is a non-profit project "whose mission is to honor and celebrate one another's life through listening." Each interview is recorded on a CD for the participant to take home and share. The interview is also archived at the American Folklife Center at the Library of Congress.
For more information about signing up for an interview consult the above link.