From the IGF website:
The 2009 Independent Games Festival (IGF) has revealed the finalists for this year's ninth installment of the pre-eminent indie game competition. From a record field of 226 entries, 30% over last year's totals, a number of notable games scored multiple nominations this year.
...Finalists were decided by a panel made up of over 40 industry-leading game creators and journalists, including the makers of previous IGF honorees World Of Goo, Braid, Aquaria and N+; industry veterans from studios including Maxis, Big Huge Games, and SuperVillain Studios; and noted writers from Wired, Newsweek, and MTV.
Showtime is GAMBIT's second game to place as a finalist in an IGF competition; Backflow was named a finalist in the 2008 Independent Games Festival Mobile competition. The winners will be announced at the Game Developers Conference in San Francisco, California on March 25th, 2009. Stay tuned!