The original TEXAS CHAIN SAW MASSACRE was also shot on 16mm and looks fantastic on blu-ray! http://www.dvdbeaver.com/film2/DVDReviews41/the_texas_chain_saw_massacre_blu-ray.htm

Puggo - Jar Jar's Yoda said:

It bugs me when I see a cheap-ass transfer on a great classic.

Couldn't agree more. A couple of my favorite movies spring to mind that have never been 100% perfectly transferred for DVD. For instance, SUSPIRIA has been released many times, including a new Blu-ray this year in Europe but nobody seems capable of getting it right! They keep coming oh-so-close, but still no cigar.