ChainsawAsh said:

Yep, pretty much. But instead of DVNR smearing, you'd have very messed-up color instead.

Are you sure of that?

My god, i can't believe the negativity here. It's only at a very early stage and people are saying how crap it's going to look. sure, it's never going to look as good as a studio professionally done transfer but what have we got at the moment? The blurred to hell GOUT. Even if this was done only at DVD res and there were still issues with colouring or other things it's still going to be miles better than what we have at the moment. And this is even going to have the audio track directly captured off the print.

Now those colour corrections were done really quickly, but it does show what can be achieved with this. I'd prefer to have a scratched, grainy transfer with slight colour issues over the GOUT any day

And here's a comparison with the GOUT (Gout on top)