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On more investigation it would seem that this is a growing phenomenon, with emerging artists such as French Canadian Antoine DuFour, Peter Ciluzzi and Erick Turnbull all becoming increasingly popular on the net.
Wikipedia defines fingerstyle as "the technique of playing the guitar by plucking the strings directly with the fingertips, fingernails, or picks attached to fingers, as opposed to flatpicking (picking individual notes with a single plectrum called a flatpick) or strumming all the strings of the instrument in chords". It's not only gorgeous music, making use of not only the traditional sound of the guitar but also artificial harmonics, but it's also breathtaking to watch.
Here's where it all started for me, and a few choice others to check out:
Andy McKee - Drifting
More Andy McKee Youtube Videos
Erick Turnbull - Low C
More Erick Turnbull Youtube Videos
Antoine DuFour - 30 Minutes In London
More Antoine DuFour Youtube Videos
To buy Candyrat CD's and find out more on their full roster of artists visit www.candyrat.com.
More info:
Andy McKee: www.andymckee.com
Antione DuFour: www.myspace.com/antoinedufour
Erick Turnbull: www.myspace.com/erickturnbull