Editing Peter Jackson's King Kong to attempt to match the original is one of the ideas I am working on. I've got the Theatrical and Extended Cut DVD, but the Extended Cut does have better picture quality.
I've got a load of notes that I made when I watched this film with the express intention of mapping out the edit. I've got the script for the original and I think it's quite feasible.
I'm playing around with Womble at the moment, trying to get used to it and I intend to start on it as soon as possible.