I’m very interested in working on such a project! After watching Hal’s Episode 2 (The Approaching Storm), it fired up my imagination as to what might be possible with prequel edits. That version makes the characters and romance almost bearable, an impressive feat in its own right, and with a few more effects-heavy edits it could be improved even more.

Having strict continuity between all films is a good place to start with this idea, but could the idea be extended to apply to character actions and plot issues?

For example, in AOTC there are some real issues with characters acting inconsistently like when Obi-wan jumps out an open window after urging restraint in the previous scene.
https://youtu.be/KPt1am18lR4?t=22m51s
In imagining what could be possible with some vfx wizardry, we could have Zam pull up beside the window in her speeder and cut a hole in the glass, through which she would ty to shoot Padme with her blaster. Anakin runs into the room and deflects the blasts with his lightsaber, then he leaps out the window and grabs onto the speeder. He is knocked around a bit and pulls out his lightsaber, finally losing it. Then we see that Obi-wan is following in a yellow speeder, and catches the lightsaber.

An edit like this solves many problems, such as why Jango hired another assassin for this job (he doesn’t want to get his hands dirty at such close quarters), why Obi-wan acts so recklessly (he doesn’t, he just goes and finds a speeder like a normal person), and how Jedi can do such silly death-defying falls and still manage to keep track of a single small speeder in an endless city (all removed by necessity).

I have a few other ideas like this for Episode 2, and in a collaborative thread we could probably come up with many more. It would probably help to have separate threads for each movie.