If I am digitizing film for low resolution purposes (like web pages),my Epson scanner works quite well. For digital preservation of my better images, I have used my old Pentax K mount bellows and slide copier on my APS-C camera. I think I might still have a post in the 'do it yourself' area of Pentax Forums on how to manage the transition between film size and sensor size.
However, by happenstance I just found what for me is a new technique for digitizing film (slides or negatives of any size) and capturing every bit of detail from the film. The technique even surpasses the capabilities of professional grade drum scanners.
How to Scan Your Film Using a Digital Camera and Macro Lens
This technique requires very little equipment. Most of it has already been mentioned in this thread. However, it does take more time compared to my above mentioned techniques and can potentially result in huge file sizes,